Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1791 Avenida Regina San Marcos, CA 92069

3 Beds 3 Baths 2,224 sqft Built 2013

INVESTimate

$710,000

List Price

$3,140

$2,890 - $3,390

Rent Est.

$750,044  ( +5.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $319.24
  • 6 Days on Market
  • MLS # : 200040479
  • Updated Date : 08/25/2020 at 21:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,224 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Sd Metro

Listing Agent's Description

Beautiful corner lot with nicely landscape yard. Situated in the hills of the Rancho Santalina community, this home has tile floor on the first floor and Energy Star Rated solar panels (fully paid). The kitchen is equipped with granite countertops, a large island and white cabinets. It connects beautifully to a cosy room fitted with a fireplace. This is a great home ~

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Neighborhood: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k599k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Joli Ann Leichtag Elementary School Primary Regular 811 34 7
San Marcos Middle School Middle Regular 1,331 48 5
San Marcos High School High Regular 2,776 101 9

Joli Ann Leichtag Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 34
7
GreatSchools Rating

San Marcos Middle School

  • Education Level: Middle
  • # of students: 1,331
  • # of teachers: 48
5
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

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$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,620
Property Tax -$667
Property Insurance -$83
HOA -$72
Property Management Fees -$129
CASH FLOW
-$430

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.

$710,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.64%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$32,288

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
  • $3,392

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,750
$3,750
RENT COMPS ANALYSIS
  • 1791 Avenida Regina San Marcos, 1
    • 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 782 Via Barquero San Marcos, 2
    • 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2002
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.20
    •  
  • 1599 Loma Alta San Marcos, 3
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2004
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.85
    •  
PROPERTY LISTING DETAILS
Linda Lee
1.858.254.5399
Keller Williams Sd Metro
BESbswy