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1648 Calle De La Flor Chula Vista, CA 91913

4 Beds 4 Baths 2,150 sqft Built 2012

$650,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $302.33
  • 3 Days on Market
  • MLS # : 210007161
  • Updated Date : 03/19/2021 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 3 full , 1 half
Listing Agent

American Real Estate Group

Listing Agent's Description

Incredible value for this designer showcase property. This 5 BR/3.5 BA tri-level Otay Ranch home shows like a model! From the custom wood flooring to designer paint-obvious pride of ownership shows in every room. It has an amazing oversized outdoor patio. Walking distance to Otay Ranch HS, Montecito Park and elementary schools. Amenities includes access to pool/spa, BBQs, fitness center, tennis courts. Close access to shopping, freeway & so much more!

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15523384

* 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
Rancho Del Rey Middle School Middle Regular 1,628 63 7
Otay Ranch High School High Regular 2,640 93 8

Rancho Del Rey Middle School

  • Education Level: Middle
  • # of students: 1,628
  • # of teachers: 63
7
GreatSchools Rating

Otay Ranch High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,258
Property Tax -$772
Property Insurance -$81
HOA -$146
Property Management Fees -$129
CASH FLOW
-$266

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.

$650,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$28,954

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,120

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,085

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,120
1$3,1202$3,2003$3,2504$3,2805$3,375
$3,375
RENT COMPS ANALYSIS
  • 1648 Calle De La Flor Chula Vista, CA 1
    • 4 beds 4 baths ∙ 2,150 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,150 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.45
    •  
  • 1435 Santa Diana Rd #2 Chula Vista, CA 2
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2016
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.37
    •  
  • 1568 Caminito Sicilia Chula Vista, CA 3
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2006
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.48
    •  
  • 1812 Scarlet Place Chula Vista, CA 4
    • 4 beds 4 baths ∙ 2,253 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,253 Sqft ∙ Built 2007
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.46
    •  
  • 1482 Oakpoint Chula Vista, CA 5
    • 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,375
    • $1.43
    •  
PROPERTY LISTING DETAILS
Sarah Kim
1.858.245.6522
American Real Estate Group
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007161
Last Updated: 03/19/2021
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