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1750 Tara Way San Marcos, CA 92078

4 Beds 4 Baths 3,200 sqft Built 2004

$1,199,900

List Price

$4,080

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $374.97
  • 4 Days on Market
  • MLS # : 200050457
  • Updated Date : 11/01/2020 at 02:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,200 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart Realty West

Listing Agent's Description

Located on a culdesac in the gated Community of Saverne, in San Elijo, this home is not to be missed. Fabulous entertainers west facing large yard w/ pool, spa, waterfall, BBQ, dog run & plenty of room for kids to play. This 4 bedroom home has a bed w/ private lounge on first floor along w/ a dedicated office. Family room w/ soaring ceilings & fireplace is open to kitchen & is flooded w/ light. Upstairs you will find a work station w/ desks, huge bonus room, lrg. master bed along w/ 2 additional beds. AC

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: San Elijo Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k871k

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

Neighborhood: San Elijo Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16264222

* 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
San Elijo Elementary School Primary Regular 1,460 56 8
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

San Elijo Elementary School

  • Education Level: Primary
  • # of students: 1,460
  • # of teachers: 56
8
GreatSchools Rating

San Elijo Middle School

  • Education Level: Middle
  • # of students: 1,850
  • # of teachers: 61
9
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$1,079,910$1,319,890$1,199,900

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$4,427
Property Tax -$1,405
Property Insurance -$108
HOA -$157
Property Management Fees -$129
CASH FLOW
-$2,146

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.

$1,199,900

PROJECTED PRICE

$4,080

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.2%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,724

INVESTMENT

$323,724

Down Payment
$299,975
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,975
Loan Amount $899,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$135

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
  • $4,000

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8953$3,999
$3,999
RENT COMPS ANALYSIS
  • 1750 Tara Way San Marcos, CA 1
    • 4 beds 4 baths ∙ 3,200 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,200 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1467 Coral Way San Marcos, CA 2
    • 4 beds 4 baths ∙ 3,085 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,085 Sqft ∙ Built 2003
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.26
    •  
  • 873 Hailey Ct. San Marcos, CA 3
    • 4 beds 4 baths ∙ 3,233 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,233 Sqft ∙ Built 2013
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,999
    • $1.24
    •  
PROPERTY LISTING DETAILS
Amy Jensen
1.858.922.2329
Homesmart Realty West
BESbswy