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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $387.23
- 2 Days on Market
- MLS # : 210001937
- Updated Date : 01/23/2021 at 14:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,676 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Beautiful home in Escondido. 4 bedroom 2.5 bath home with many upgrades. All bedrooms upstairs. Kitchen and baths have been remodeled. Newer windows. Large corner lot with a private backyard for entertaining. Built in BBQ island. Outdoor firepit. Half basketball court. Whole house fan. Move in ready. Don't miss out on this special home.
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Neighborhood: Central Escondido
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Escondido
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,254 |
| Property Tax | -$614 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$507
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$649,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| 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
$177,735
LOAN DETAILS
$2,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
2.92
YEARS SAVED
$14,498
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
-
$2,693
COMP ESTIMATED VALUE -
$1.61
COMP AVG. RENT PER SQFT
Comps Range
-
1440 N Elm Escondido, CA 1
- 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1412 Timber Gln Escondido, CA 2
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1989
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,250
- $1.50
-
1440 Timber Gln Escondido, CA 3
- 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1989
![property image]()
LEASED 10/06/19- Rent
- Rent Per SQFT
- $2,350
- $1.74
-
310 Conifer Glen Escondido, CA 4
- 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1987
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,600
- $1.58
PROPERTY LISTING DETAILS
1.760.855.4997
Coldwell Banker Realty
