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1781 Avenida Segovia Oceanside, CA 92056

3 Beds 3 Baths 1,708 sqft Built 1989

$649,800

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $380.44
  • 13 Days on Market
  • MLS # : 210004277
  • Updated Date : 02/26/2021 at 20:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Immaculate 2-story home Rancho Del Oro! ***Bright living area with soaring ceilings and great natural light. ***Double-sided fireplace with beautiful mosaic tile on the living room side. ***Huge kitchen with handsome wood cabinets and stainless steel appliances. ***Cozy and warm family room off the kitchen. ***Master bedroom with vaulted ceilings, balcony and gorgeous barn door separating the ensuite bathroom. ***A Jack & Jill bathroom serves the other two bedrooms. ***Relax and entertain in the serene backyard with a rock and tropical plant lined pond, mature guava tree, and large patio area. ***Wood plantation shutters throughout including covering the sliding doors. ***Ring Security System with three cameras. ***Hot water recirculating system. ***Quiet and friendly community only 15 minutes to the beach!

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: Ivey Ranch - Rancho del Oro

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $217k654k

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

Neighborhood: Ivey Ranch - Rancho del Oro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14282885

* 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
Empresa Elementary School Primary Regular 811 30 8
Roosevelt Middle School Middle Regular 1,103 47 2
Vista High School High Regular 2,567 121 6

Empresa Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 30
8
GreatSchools Rating

Roosevelt Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 47
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$584,820$714,780$649,800

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,257
Property Tax -$581
Property Insurance -$70
HOA -$105
Property Management Fees -$129
CASH FLOW
-$482

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$649,800

PROJECTED PRICE

$2,660

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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-$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$177,947

INVESTMENT

$177,947

Down Payment
$162,450
Rehab Estimate
$5,750
Closing Costs
$9,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,450
Loan Amount $487,350
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$16,222

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
  • $2,694

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,6504$2,7505$3,195
$3,195
RENT COMPS ANALYSIS
  • 1781 Avenida Segovia Oceanside, CA 1
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 933 Granada Oceanside, CA 3
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1980
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.61
    •  
  • 1594 Boulder Creek Rd Oceanside, CA 4
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
  • 1832 Via Allena Oceanside, CA 5
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1989
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.62
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004277
Last Updated: 02/26/2021
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