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1752 Trellis Way Chula Vista, CA 91915

4 Beds 3 Baths 2,361 sqft Built 2010

$699,990

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $296.48
  • 4 Days on Market
  • MLS # : 200050455
  • Updated Date : 11/02/2020 at 20:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Source, Inc.

Listing Agent's Description

Welcome Home! This beautiful and spacious home is in the highly desired neighborhood of Otay Ranch. With 4 bedrooms & 2.5 baths, this home is spacious, perfect for families, entertaining, and shows like a model home. You will love the open floor plan, large private yard, and upgraded kitchen. Come enjoy the community pools, parks, schools, nearby shopping and so much more.

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: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15523384

* 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
Camarena Enrique S. Elementary School Primary Unknown 1,045 41 NA
Eastlake Middle School Middle Regular 1,711 64 9
Olympian High School High Regular 2,367 83 9

Camarena Enrique S. Elementary School

  • Education Level: Primary
  • # of students: 1,045
  • # of teachers: 41
NA
GreatSchools Rating

Eastlake Middle School

  • Education Level: Middle
  • # of students: 1,711
  • # of teachers: 64
9
GreatSchools Rating

Olympian High School

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

$629,991$769,989$699,990

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,583
Property Tax -$819
Property Insurance -$87
HOA -$100
Property Management Fees -$129
CASH FLOW
-$317

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.

$699,990

PROJECTED PRICE

$3,400

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$191,247

INVESTMENT

$191,247

Down Payment
$174,998
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $174,998
Loan Amount $524,993
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$37,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,412

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,4003$3,5004$3,5505$3,800
$3,800
RENT COMPS ANALYSIS
  • 1752 Trellis Way Chula Vista, CA 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.44
    •  
  • 1509 Picket Fence Drive Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2004
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.41
    •  
  • 2272 Starshower Chula Vista, CA 3
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.47
    •  
  • 1397 Indian Creek Place Chula Vista, CA 4
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2000
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.48
    •  
  • 1782 Webber Way Chula Vista, CA 5
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
PROPERTY LISTING DETAILS
Lawrence Ratliff
1.619.500.4501
Realty Source, Inc.
BESbswy