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1577 Avenida Guillermo Oceanside, CA 92056

4 Beds 3 Baths 2,252 sqft Built 1995

INVESTimate

$699,000

List Price

$2,820

$2,570 - $3,070

Rent Est.

$745,833  ( +6.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $310.39
  • 8 Days on Market
  • MLS # : 200040043
  • Updated Date : 08/25/2020 at 02:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,252 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

This home is a beautiful, two story, in the desirable Rancho Del Oro neighborhood. 4 Bedrooms + Loft, 3 Bath, Bright, Quiet neighborhood in Cul De Sac, close to playground and schools. Gazebo and pad for Jacuzzi in backyard. Desirable location. One bedroom downstairs. All new appliances, dishwasher, range, microwave, refrigerator, new AC and heating system. New garage door.

SEE MORE

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: Ivey Ranch - Rancho del Oro

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $217k654k

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

Neighborhood: Ivey Ranch - Rancho del Oro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14282885

* 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
Empresa Elementary School Primary Regular 811 30 8
Roosevelt Middle School Middle Regular 1,103 47 2
Vista High School High Regular 2,567 121 6

Empresa Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 30
8
GreatSchools Rating

Roosevelt Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 47
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,579
Property Tax -$629
Property Insurance -$84
HOA -$105
Property Management Fees -$129
CASH FLOW
-$706

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.

$699,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.70%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,554

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
  • $3,097

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,1004$3,2005$3,395
$3,395
RENT COMPS ANALYSIS
  • 1577 Avenida Guillermo Oceanside, 1
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1216 Masterpiece Oceanside, 2
    • 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 1992
    property image
    LEASED 03/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.28
    •  
  • 1480 Enchante Way Oceanside, 3
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2003
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.39
    •  
  • 3837 Carnegie Dr. Oceanside, 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1991
    property image
    LEASED 05/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.32
    •  
  • 1579 Corte Daniel Oceanside, 5
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1994
    property image
    LEASED 04/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.51
    •  
PROPERTY LISTING DETAILS
Rosie Anand
1.858.205.9936
Berkshire Hathaway Homeservice
BESbswy