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1766 Webber Way Chula Vista, CA 91913

5 Beds 3 Baths 2,667 sqft Built 2013

$775,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $290.59
  • 7 Days on Market
  • MLS # : 200052797
  • Updated Date : 12/01/2020 at 03:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,667 sqft
  • Baths : 3 full
Listing Agent

Realty California

Listing Agent's Description

Ideally situated in Indigo at Otay Ranch this fully upgraded home offers an open-concept floor plan that showcases custom wide plank engineered wood flooring, matte porcelain tile, 6 inch crown molding and designer paint. Smart home upgrades include solar panels and LED lighting. Entry level bedroom, full bathroom and office. Gourmet chef’s kitchen with large island, stainless steel appliances and additional dinning area. Private, low maintenance backyard with stone pavers and artificial turf.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Wolf Canyon Elementary School Primary Regular 747 32 9
Wolf Canyon Elementary School Middle Regular 747 32 9
Olympian High School High Regular 2,367 83 9

Wolf Canyon Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 32
9
GreatSchools Rating

Wolf Canyon Elementary School

  • Education Level: Middle
  • # of students: 747
  • # of teachers: 32
9
GreatSchools Rating

Olympian High School

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

$697,500$852,500$775,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,859
Property Tax -$920
Property Insurance -$94
HOA -$109
Property Management Fees -$129
CASH FLOW
-$772

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.

$775,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.43%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$10,957

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
  • $3,560

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,5004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1766 Webber Way Chula Vista, CA 1
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1584 Ortega Chula Vista, CA 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
    •  
  • 1480 Windchime Avenue Cula Vista, CA 3
    • 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
    •  
  • 1312 Keck Rd. Chula Vista, CA 4
    • 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
  • 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
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
PROPERTY LISTING DETAILS
Michael Bejarano
1.619.971.0201
Realty California
BESbswy