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1619 Vista Del Valle Blvd El Cajon, CA 92019

3 Beds 2 Baths 2,053 sqft Built 1960

$799,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $389.19
  • 3 Days on Market
  • MLS # : 210002404
  • Updated Date : 01/29/2021 at 19:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,053 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

SINGLE STORY CUSTOM VIEW HOME REMODELED WITH GRANITE COUNTER TOPS AND STAINLESS APPLIANCES HARD WOOD AND TILE FLOORS ATTACHED GARAGE WITH OPENER AND ROLL UP DOOR. FANTASTIC CITY AND MOUNTAIN VIEWS. SUPER PRIVATE LOCATION CEILING FANS,FRENCH DOORS INDOOR LAUNDRY, FIREPLACE ENERGY EFFICIENT DUEL PANE WINDOWS , NEW 18 SEER CENTRAL HEAT AND AIR. OVER 1/2 ACRE LOT 2 COVERED FRONT PORCHES DOUBLE DOOR ENTRY VA AND FHA TERMS OK THERE IS A LOWER LEVEL AREA THAT MAY WORK FOR AN A.D.U. OR EXTRA PARKING

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: Rancho San Diego

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $222k746k

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

Neighborhood: Rancho San Diego

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15343384

* 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
Meridian Elementary School Primary Regular 653 26 2
Montgomery Middle School Middle Magnet 815 32 4
Valhalla High School High Regular 2,129 77 8

Meridian Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 26
2
GreatSchools Rating

Montgomery Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 32
4
GreatSchools Rating

Valhalla High School

  • Education Level: High
  • # of students: 2,129
  • # of teachers: 77
8
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$2,775
Property Tax -$802
Property Insurance -$79
Property Management Fees -$129
CASH FLOW
-$235

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.

$799,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.3%
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

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$45,874

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
  • $3,675

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 1619 Vista Del Valle Blvd El Cajon, CA 1
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1524 Merritt Drive El Cajon, CA 2
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1951
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.79
    •  
PROPERTY LISTING DETAILS
Jim Carmichael
1.619.670.6663
Keller Williams Realty
BESbswy