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

1640 Bellena Ct Chula Vista, CA 91913

3 Beds 3 Baths 2,629 sqft Built 2002

$819,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $311.53
  • 3 Days on Market
  • MLS # : 200052288
  • Updated Date : 11/21/2020 at 23:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,629 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

This Beautiful Home Is Located On A Culdesac In The Lovely Alcala Community Of Otay Ranch! This 1 Story Home Has A Pool, Large Spacious Rooms, Granite Counter Tops, Manicured Backyard, Marble Flooring, A Porch And An Awning! This Home Is 19 Yeas Old And Has Been Lived In For Only Approximately 4 Years! This Home Also Contains A Retreat And Fireplace! Located Near All Schools, Shopping Centers And More. Come View This Gem Because It Will Not Last!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $223k652k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143167

* 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
Heritage Elementary School Primary Regular 906 35 10
Heritage Elementary School Middle Regular 906 35 10
Otay Ranch High School High Regular 2,640 93 8

Heritage Elementary School

  • Education Level: Primary
  • # of students: 906
  • # of teachers: 35
10
GreatSchools Rating

Heritage Elementary School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 35
10
GreatSchools Rating

Otay Ranch High School

  • Education Level: High
  • # of students: 2,640
  • # of teachers: 93
8
GreatSchools Rating
 

$737,100$900,900$819,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,022
Property Tax -$972
Property Insurance -$93
HOA -$75
Property Management Fees -$129
CASH FLOW
-$1,151

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.

$819,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.38%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$222,785

INVESTMENT

$222,785

Down Payment
$204,750
Rehab Estimate
$5,750
Closing Costs
$12,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $204,750
Loan Amount $614,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,636

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
  • $3,453

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 1640 Bellena Ct Chula Vista, CA 1
    • 3 beds 3 baths ∙ 2,629 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,629 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1053 Strawberry Valley Drive Chula Vista, CA 2
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2000
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.30
    •  
  • 1480 Windchime Avenue Cula Vista, CA 3
    • 4 beds 4 baths ∙ 2,717 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,717 Sqft ∙ Built 2004
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
  • 1312 Keck Rd. Chula Vista, CA 4
    • 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
PROPERTY LISTING DETAILS
Alex Obeso Jr.
1.619.322.9212
Big Block Realty, Inc.
BESbswy