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1658 Point Cabrillo Ct Chula Vista, CA 91911

4 Beds 3 Baths 2,211 sqft Built 1977

$700,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $316.60
  • 3 Days on Market
  • MLS # : 200053804
  • Updated Date : 12/12/2020 at 22:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Nestled in at the end of a cul-de-sac this home offers a big backyard with room to entertain and no neighbors behind adding lots of privacy! Featuring a beautiful light-filled family room with hardwood flooring and shiplap ceiling, a cozy fireplace in the formal living room, and an open kitchen with rich wood cabinetry, granite counters, tile backsplash, and barstool seating. Bonus room off the kitchen, perfect for a home office.

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: Robinhood - Bon Vivant

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $182k594k

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

Neighborhood: Robinhood - Bon Vivant

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13852926

* 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
Valle Lindo Elementary School Primary Regular 527 23 7
Valle Lindo Elementary School Middle Regular 527 23 7
Castle Park High School High Regular 1,474 60 4

Valle Lindo Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 23
7
GreatSchools Rating

Valle Lindo Elementary School

  • Education Level: Middle
  • # of students: 527
  • # of teachers: 23
7
GreatSchools Rating

Castle Park High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 60
4
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,583
Property Tax -$668
Property Insurance -$83
HOA -$125
Property Management Fees -$129
CASH FLOW
-$458

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.

$700,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 9.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$28,332

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
  • $3,140

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9004$3,300
$3,300
RENT COMPS ANALYSIS
  • 1658 Point Cabrillo Ct Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 677 Rainbow Drive Chula Vista, CA 2
    • 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1989
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.41
    •  
  • 431 Sparrow Chula Vista, CA 3
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.44
    •  
  • 1136 Cloudwalk Canyon Dr. Chula Vista, CA 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1989
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.41
    •  
PROPERTY LISTING DETAILS
Jeffrey Nix
1.619.962.2471
Redfin Corporation
BESbswy