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1604 Macadamia Dr Fallbrook, CA 92028

3 Beds 3 Baths 2,004 sqft Built 1990

$689,900

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $344.26
  • 3 Days on Market
  • MLS # : 200053316
  • Updated Date : 12/05/2020 at 02:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,004 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to the serene neighborhood of Ridge Crest Estates! This Mediterranean style 3bd, 3ba home is situated on over 2.5 usable acres and overlooks the Santa Margarita Valley. This property offers owned solar and a water purifying system. Tastefully renovated a few years ago with a new kitchen & flooring, and still opportunity to add your own touch! Enjoy natural light and views from most areas of the home, beautiful sunsets from the wrap-around back patio and an array of citrus & avocado trees.

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

Zip Code: 92028

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Zip Code: 92028

ZipNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14542885

* 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
William H. Frazier Elementary School Primary Regular 649 23 6
William H. Frazier Elementary School Middle Regular 649 23 6
Fallbrook High School High Regular 2,183 92 5

William H. Frazier Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 23
6
GreatSchools Rating

William H. Frazier Elementary School

  • Education Level: Middle
  • # of students: 649
  • # of teachers: 23
6
GreatSchools Rating

Fallbrook High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 92
5
GreatSchools Rating
 

$620,910$758,890$689,900

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,545
Property Tax -$621
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$623

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.

$689,900

PROJECTED PRICE

$2,750

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.2%
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$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,545

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,101

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
  • $2,806

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,550
$2,550
RENT COMPS ANALYSIS
  • 1604 Macadamia Dr Fallbrook, CA 1
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1914 Gum Tree Lane Fallbrook, CA 2
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1979
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.40
    •  
PROPERTY LISTING DETAILS
Michael Solis
1.760.889.9374
Keller Williams Realty
BESbswy