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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $469.59
- 18 Days on Market
- MLS # : 210003046
- Updated Date : 02/19/2021 at 21:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,118 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Beautiful single story 3 bedroom home in the popular neighborhood of Guajome Park Estates.
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MARKET HIGHLIGHTS
- Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
- Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
- As part of Southern California area, San Diego market inherits all the benefits from the area.
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
- The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
- Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Peacock
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peacock
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$471 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$279
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$525,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
4.33
YEARS SAVED
$21,686
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,217
COMP ESTIMATED VALUE -
$1.98
COMP AVG. RENT PER SQFT
Comps Range
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1406 Crestview Dr Oceanside, CA 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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226 Calle Del Sol Vista, CA 2
- 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,500
- $1.81
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2336 Fallingleaf Road Oceanside, CA 3
- 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1985
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,600
- $2.27
-
1137 Cochise Ct Vista, CA 4
- 4 beds 3 baths ∙ 1,441 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,441 Sqft ∙ Built 1998
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,695
- $1.87
PROPERTY LISTING DETAILS
1.858.869.3940
Compass
MLS #: 210003046
Last Updated: 02/19/2021
