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1550 Trailwood Ave Chula Vista, CA 91913

5 Beds 3 Baths 3,006 sqft Built 2005

$835,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $277.78
  • 15 Days on Market
  • MLS # : 210001632
  • Updated Date : 01/31/2021 at 04:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,006 sqft
  • Baths : 3 full
Listing Agent

Prime One Mortgage & Realty

Listing Agent's Description

Gorgeous Otay Ranch House. Bright and spacious 5 Bedrooms, 3 Baths Practical huge granite countertop kitchen with plenty cabinets and good size center island. Downstairs bedrooms are excellent for in-laws and big family with private bathroom. 4 good size bedrooms upstairs with a huge master bedroom. TWO attached garages, 1 and 2 Car Garage.

SEE MORE

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: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15523384

* 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
Rancho Del Rey Middle School Middle Regular 1,628 63 7
Olympian High School High Regular 2,367 83 9

Rancho Del Rey Middle School

  • Education Level: Middle
  • # of students: 1,628
  • # of teachers: 63
7
GreatSchools Rating

Olympian High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 83
9
GreatSchools Rating
 

$751,500$918,500$835,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$2,900
Property Tax -$991
Property Insurance -$103
HOA -$25
Property Management Fees -$129
CASH FLOW
-$308

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$835,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$40,983

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
  • $3,818

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,7004$3,800
$3,800
RENT COMPS ANALYSIS
  • 1550 Trailwood Ave Chula Vista, CA 1
    • 5 beds 3 baths ∙ 3,006 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,006 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1120 Sparrow Lake Rd Chula Vista, CA 2
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2003
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.24
    •  
  • 1746 Vendola Dr. Chula Vista, CA 3
    • 5 beds 4 baths ∙ 3,213 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,213 Sqft ∙ Built 2004
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.15
    •  
  • 1782 Webber Way Chula Vista, CA 4
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
PROPERTY LISTING DETAILS
Angel Garcia Velazquez
1.619.205.9243
Prime One Mortgage & Realty
BESbswy