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1558 Enchantment Ave 
Vista, CA
92081
3 Beds 3 Baths 1,386 sqft
Built 1989
INVESTimate
$625,000
List Price
$171,375
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PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $450.94
- 3 Days on Market
- MLS # : 200040898
- Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,386 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This charming 3 bed/2.5 bath home is located in the Shadowridge community in Vista, CA (San Diego). Enjoy a large backyard with sweeping views. The kitchen was recently upgraded including high-end cabinets with loaded pull-out shelves & a lazy susan; a honed marble backsplash; & quartz countertops. Wood floors throughout, 2 car garage, fireplace. Great family neighborhood with a nice community pool, playground, & swings all for $103 HOA & no Mello Roos. Close to Carlsbad beaches, shopping, & food.
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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: Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$2,306 |
| Property Tax | -$650 | |
| Property Insurance | -$62 | |
| HOA | -$103 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$590
|
||
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.
$625,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 6.36% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$171,375
LOAN DETAILS
$2,306
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
2.33
YEARS SAVED
$11,818
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
-
$2,862
COMP ESTIMATED VALUE -
$2.07
COMP AVG. RENT PER SQFT
Comps Range
-
1558 Enchantment Ave Vista, 1
- 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1522 Enchantment Ave Vista, 2
- 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,550
- $1.84
-
1482 Countryview Ln Vista, 3
- 3 beds 2 baths ∙ 1,157 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,157 Sqft ∙ Built 1990
LEASED 05/06/19- Rent
- Rent Per SQFT
- $2,650
- $2.29
PROPERTY LISTING DETAILS
1.760.815.1400
Coldwell Banker Realty
