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1759 Ravine Rd Vista, CA 92083

3 Beds 2 Baths 1,294 sqft Built 1988

$627,300

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $484.78
  • 7 Days on Market
  • MLS # : 210004679
  • Updated Date : 02/26/2021 at 20:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,294 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Updated single-story home! ***Bright and open living room with vaulted ceilings, fireplace, and glass sliders leading to the fully fenced back yard. ***New roof with 10 year warranty and new rain gutters. ***New laminate wood flooring in the living areas and new carpeting in all the bedrooms. ***All new windows and screens. ***Freshly painted interior and new baseboards in the living room, dining room, and hallway. ***New stove/range in the kitchen with great cabinet space. ***Kitchen sink drain rebuilt and new faucet. ***Laundry room with a sink and storage just off the kitchen. ***Spacious bedrooms including a Master bedroom with ensuite bath. ***Granite countertops in the kitchen and bathrooms. ***Brand new water heater. ***Large, private backyard. ***Attached 2-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13382885

* 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
Grapevine Elementary School Primary Regular 634 28 5
Madison Middle School Middle Regular 1,164 51 5
Rancho Buena Vista High School High Regular 2,532 119 8

Grapevine Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 28
5
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 51
5
GreatSchools Rating

Rancho Buena Vista High School

  • Education Level: High
  • # of students: 2,532
  • # of teachers: 119
8
GreatSchools Rating
 

$564,570$690,030$627,300

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,179
Property Tax -$678
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$726

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$627,300

PROJECTED PRICE

$2,320

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,985

INVESTMENT

$171,985

Down Payment
$156,825
Rehab Estimate
$5,750
Closing Costs
$9,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,179

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,825
Loan Amount $470,475
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $2,219

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,4953$2,500
$2,500
RENT COMPS ANALYSIS
  • 1759 Ravine Rd Vista, CA 1
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.79
    •  
  • 1275 Natoma Way #b Oceanside, CA 2
    • 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1994
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.62
    •  
  • 226 Calle Del Sol Vista, CA 3
    • 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004679
Last Updated: 02/26/2021
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