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1734 Sierra Verde Road Chula Vista, CA 91913

4 Beds 3 Baths 2,116 sqft Built 2003

$699,999

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $330.81
  • 4 Days on Market
  • MLS # : 210001112
  • Updated Date : 01/15/2021 at 20:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,116 sqft
  • Baths : 2 full , 1 half
Listing Agent

Montenegro Group Real Estate

Listing Agent's Description

Hello! I'm 1734 Sierra Verde. I am truly turn key and very clean! If you own me I can SAVE YOU MONEY BECAUSE I HAVE VERY LOW HOA, LOW TAXES and PAID OFF SOLAR! I boast a spacious open layout. My floors are upgraded, my ceilings are high and yards beautifully landscaped with 2 patios and BBQ. I also have a beautiful kitchen that blends harmoniously with my herringbone floors, plantation window shutters and upgraded countertops. I am perfectly located near top schools, freeway, delicious eats and shopping.

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: 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
 

$629,999$769,999$699,999

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,431
Property Tax -$831
Property Insurance -$80
HOA -$73
Property Management Fees -$129
CASH FLOW
-$375

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.

$699,999

PROJECTED PRICE

$3,170

PROJECTED RENT

0.45%

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-$10k-$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$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.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$27,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $3,333

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1703$3,2504$3,3005$3,650
$3,650
RENT COMPS ANALYSIS
  • 1734 Sierra Verde Road Chula Vista, CA 2
    • 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.50
    •  
  • 1878 Sheep Ranch Loop Chula Vista, CA 1
    • 4 beds 4 baths ∙ 2,188 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,188 Sqft ∙ Built 2003
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.42
    •  
  • 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
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.48
    •  
  • 1370 Livingston St Chula Vista, CA 4
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.69
    •  
  • 1704 Bouquet Canyon Rd Chula Vista, CA 5
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2000
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.71
    •  
PROPERTY LISTING DETAILS
Jay Montenegro
1.619.333.5783
Montenegro Group Real Estate
BESbswy