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1733 Fawntail Court Chula Vista, CA 91913

4 Beds 3 Baths 2,454 sqft Built 2001

$769,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $313.37
  • 4 Days on Market
  • MLS # : 200051456
  • Updated Date : 11/13/2020 at 03:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,454 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Location, Location, Location! The Cul-de-sac home you have been waiting for!! Great Otay Ranch neighborhood, close to schools, trails, parks, trolley and shopping. Beautifully maintained, Original owner. Features and upgrades include bamboo floors, granite kitchen and bath counter tops, new gas stove top, crown molding, loft, one bedroom and full bath downstairs, laundry room, 3 car garage, extra large driveway and large front grass area due to due to cul-de-sac location.

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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: Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Neighborhood: Hillsborough

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143064

* 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
Corky Mcmillin Elementary School Primary Regular 882 34 8
Corky Mcmillin Elementary School Middle Regular 882 34 8
Olympian High School High Regular 2,367 83 9

Corky Mcmillin Elementary School

  • Education Level: Primary
  • # of students: 882
  • # of teachers: 34
8
GreatSchools Rating

Corky Mcmillin Elementary School

  • Education Level: Middle
  • # of students: 882
  • # of teachers: 34
8
GreatSchools Rating

Olympian High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 83
9
GreatSchools Rating
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,837
Property Tax -$913
Property Insurance -$89
HOA -$78
Property Management Fees -$129
CASH FLOW
-$1,056

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.

$769,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.4%
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-$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$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,938

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
  • $3,172

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,2004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1733 Fawntail Court Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2089 Chateau Ct. Chula Vista, CA 2
    • 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2000
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.30
    •  
  • 1053 Strawberry Valley Drive Chula Vista, CA 3
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2000
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.30
    •  
  • 1584 Ortega Chula Vista, CA 4
    • 5 beds 4 baths ∙ 2,653 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,653 Sqft ∙ Built 2012
    property image
    LEASED 06/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.28
    •  
  • 1480 Windchime Avenue Cula Vista, CA 5
    • 4 beds 4 baths ∙ 2,717 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,717 Sqft ∙ Built 2004
    property image
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Paul Hastings
1.858.413.2146
Keller Williams Realty
BESbswy