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1572 Loma Alta San Marco, CA 92069

3 Beds 2 Baths 2,006 sqft Built 2004

$742,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $369.89
  • 7 Days on Market
  • MLS # : 210007354
  • Updated Date : 03/22/2021 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,006 sqft
  • Baths : 2 full
Listing Agent

On Point Realty

Listing Agent's Description

This single level home, built in 2004, is a unique gem. Beautiful open floorplan with the finely appointed kitchen opening on to a bright and inviting great room. The back patio overlooks an unspoiled hillside with a view of the valley beyond. The master bedroom and en suite bathroom share this view and is bathed in the westerly sun. There is a spacious, cozy family room that adjoins to the dining room; great for entertaining. The entire home is meticulously maintained appointed with a contemporary style. The front picture window looks out upon a park and The street ends in a cul de sac resulting in minimal traffic. The neighborhood is friendly and inviting, seven minutes to the 78 freeway, shopping and restaurants.

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: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k599k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Paloma Elementary School Primary Regular 926 35 8
San Marcos Middle School Middle Regular 1,331 48 5
Mission Hills High School High Regular 2,530 91 8

Paloma Elementary School

  • Education Level: Primary
  • # of students: 926
  • # of teachers: 35
8
GreatSchools Rating

San Marcos Middle School

  • Education Level: Middle
  • # of students: 1,331
  • # of teachers: 48
5
GreatSchools Rating

Mission Hills High School

  • Education Level: High
  • # of students: 2,530
  • # of teachers: 91
8
GreatSchools Rating
 

$667,800$816,200$742,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,577
Property Tax -$697
Property Insurance -$78
HOA -$120
Property Management Fees -$129
CASH FLOW
-$490

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$742,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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$202,380

INVESTMENT

$202,380

Down Payment
$185,500
Rehab Estimate
$5,750
Closing Costs
$11,130

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,577

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $185,500
Loan Amount $556,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$22,361

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
  • $3,390

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9903$3,4004$3,750
$3,750
RENT COMPS ANALYSIS
  • 1572 Loma Alta San Marco, CA 1
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1380 Corte Bagalso San Marcos, CA 2
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.60
    •  
  • 1346 Avenida Pantera San Marcos, CA 3
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2001
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.62
    •  
  • 1599 Loma Alta San Marcos, CA 4
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2004
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.85
    •  
PROPERTY LISTING DETAILS
John Shepard
1.858.220.2877
On Point Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007354
Last Updated: 03/22/2021
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