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177 Date Street Chula Vista, CA 91911

3 Beds 2 Baths 1,332 sqft Built 1946

$562,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $421.92
  • 3 Days on Market
  • MLS # : 210005746
  • Updated Date : 03/05/2021 at 21:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

WELCOME HOME to this NO HOA side of Chula Vista. Beautifully REMODELED CRAFTSMAN with original HARD WOOD floors. Easy OPEN FLOOR PLAN with oversized kitchen and dark rich cabinets. SPACIOUS BEDROOMS. BATH in MASTER. FULLY FENCED in front and back with DETACHED GARAGE. RV PARKING. WASHER and DRYER! This home is MOVE IN READY. Perfect family home or empty nester. LIGHT and BRIGHT. BACKYARD is great for ENTERTAINING with flagstone accents. Parking behind gated fence for security. Schools, shops and easy freeway access are all close by. Great place to work from home. THIS IS A MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Chula Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: West Chula Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2120014001600180020002200240026002800Rent in $11182926

* 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
Castle Park Middle School Middle Regular 879 32 5
Castle Park High School High Regular 1,474 60 4

Castle Park Middle School

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 32
5
GreatSchools Rating

Castle Park High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 60
4
GreatSchools Rating
 

$505,800$618,200$562,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,952
Property Tax -$601
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$143

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.

$562,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$154,680

INVESTMENT

$154,680

Down Payment
$140,500
Rehab Estimate
$5,750
Closing Costs
$8,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,500
Loan Amount $421,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$35,422

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
  • $2,890

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,650
$2,650
RENT COMPS ANALYSIS
  • 177 Date Street Chula Vista, CA 1
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1171 Osage Chula Vista, CA 2
    • 3 beds 2 baths ∙ 1,223 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,223 Sqft ∙ Built 1960
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.17
    •  
PROPERTY LISTING DETAILS
Carol Larosh
1.619.921.3956
Keller Williams Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005746
Last Updated: 03/05/2021
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