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1749 Clover Tree Ct. Chula Vista, CA 91913

4 Beds 4 Baths 2,900 sqft Built 2002

INVESTimate

$749,000

List Price

$3,350

$3,100 - $3,600

Rent Est.

$797,161  ( +6.43%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $258.28
  • 9 Days on Market
  • MLS # : 200039809
  • Updated Date : 08/19/2020 at 15:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives Dillon

Listing Agent's Description

Beautiful home priced to sell in the heart of Otay Ranch. Located in a cul-de-sac with a view for miles. Close to schools, freeways, shopping, retail, restaurants, parks and so much more. This property was designed for entertaining and families. Features a bedroom with a private bathroom downstairs. Master bedroom features his and hers walk in closets with mirrored closet doors and wood flooring with separate his and her sink areas and a large vanity. Hurry this one won't last long.

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: 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
 

$674,100$823,900$749,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,763
Property Tax -$889
Property Insurance -$100
HOA -$78
Property Management Fees -$129
CASH FLOW
-$610

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.

$749,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.43%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$20,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $3,669

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,4003$3,4004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 1749 Clover Tree Ct. Chula Vista, 1
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.16
    •  
  • 1584 Ortega Chula Vista, 2
    • 5 beds 4 baths ∙ 2,653 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,653 Sqft ∙ Built 2012
    LEASED 06/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.28
    •  
  • 1120 Sparrow Lake Rd Chula Vista, 3
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2003
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.24
    •  
  • 1480 Windchime Avenue Cula Vista, 4
    • 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
    •  
  • 1517 Carmel Ave Chula Vista, 5
    • 5 beds 3 baths ∙ 2,888 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,888 Sqft ∙ Built 2002
    LEASED 04/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.25
    •  
PROPERTY LISTING DETAILS
Dale Downing
1.619.993.0629
Realty Executives Dillon
BESbswy