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

1569 Bedford Ave Chula Vista, CA 91913

5 Beds 3 Baths 2,844 sqft Built 2005

$770,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $270.75
  • 4 Days on Market
  • MLS # : 210000457
  • Updated Date : 01/10/2021 at 06:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,844 sqft
  • Baths : 3 full
Listing Agent

Verus Realty Group

Listing Agent's Description

One of the largest lots & floorplans in this development. 5 bedrooms plus a loft for an office, den, library or play area. Huge back yard is perfect for entertaining. Great potential for this home needing easy updates. Combo formal living and dining room is 16'x18' plus a separate family room near the kitchen with room for a small dinette. One bedroom downstairs with full bath, perfect for guests. 3 car garage with a workbench in the 3rd space for the hobbyist. Sealed garage floor. All appliances convey.

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: 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
Veterans Elementary School Primary Regular 890 37 9
Veterans Elementary School Middle Regular 890 37 9
Olympian High School High Regular 2,367 83 9

Veterans Elementary School

  • Education Level: Primary
  • # of students: 890
  • # of teachers: 37
9
GreatSchools Rating

Veterans Elementary School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 37
9
GreatSchools Rating

Olympian High School

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

$693,000$847,000$770,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$2,675
Property Tax -$914
Property Insurance -$99
HOA -$25
Property Management Fees -$129
CASH FLOW
-$111

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.

$770,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.48%

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$0.0$10k$20k$30k$40k

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$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$54,148

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
  • $3,915

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,8004$4,000
$4,000
RENT COMPS ANALYSIS
  • 1569 Bedford Ave Chula Vista, CA 1
    • 5 beds 3 baths ∙ 2,844 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,844 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1312 Keck Rd. Chula Vista, CA 2
    • 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
  • 1782 Webber Way Chula Vista, CA 3
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
  • 1464 Appalachian Chula Vista, CA 4
    • 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 2001
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Marvin De La Vega
1.619.721.3321
Verus Realty Group
BESbswy