Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1449 Genoa Dr Vista, CA 92081

4 Beds 3 Baths 2,230 sqft Built 1989

$685,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $307.17
  • 6 Days on Market
  • MLS # : 210003506
  • Updated Date : 02/12/2021 at 01:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,230 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Immaculate, clean, updated, and private home in the coveted neighborhood of Shadowridge. Your new home features beautiful vinyl flooring, an updated kitchen, newer windows and sliding doors, new shutter window coverings on first floor, a private deck, and endless sunsets! With 4 bedrooms and 2 and a half baths there is room for the whole family! Remember you also have a terrific community pool! Don't wait, this one will be gone in a flash!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13382885

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Breeze Hill Elementary School Primary Regular 842 32 8
Madison Middle School Middle Regular 1,164 51 5
Rancho Buena Vista High School High Regular 2,532 119 8

Breeze Hill Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 32
8
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 51
5
GreatSchools Rating

Rancho Buena Vista High School

  • Education Level: High
  • # of students: 2,532
  • # of teachers: 119
8
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,379
Property Tax -$693
Property Insurance -$83
HOA -$115
Property Management Fees -$129
CASH FLOW
-$510

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.

$685,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$15,980

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,994

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,8994$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1449 Genoa Dr Vista, CA 1
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1807 Olympus Loop Dr Vista, CA 2
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.21
    •  
  • 1441 Genoa Vista, CA 3
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1989
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $1.30
    •  
  • 1918 Cherrywood St Vista, CA 4
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1989
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.39
    •  
  • 5060 Nighthawk Way Oceanside, CA 5
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1989
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
PROPERTY LISTING DETAILS
Lindsey Gates
1.858.882.7631
Exp Realty Of California Inc
BESbswy