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1795 El Pico Dr El Cajon, CA 92020

4 Beds 2 Baths 2,030 sqft Built 1964

$899,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $442.86
  • 18 Days on Market
  • MLS # : 200052657
  • Updated Date : 12/10/2020 at 17:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to your quintessential ranch home in the heart of the coveted Fletcher Hills. Imagine the feeling of waking up to panoramic views from your house, looking out to Mount Helix, over El Cajon Valley, all the way past Santee and beyond. The breathtaking views from this house are one of a kind & are only accentuated by the fantastic single level floor plan with plenty of windows to help you enjoy a view from every room in the house. Enjoy the fantastic finishes in this light & bright house .

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

Zip Code: 92020

ZipNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Zip Code: 92020

ZipNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542885

* 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
Fletcher Hills Elementary School Primary Regular 684 24 9
Fletcher Hills Elementary School Middle Regular 684 24 9
West Hills High School High Regular 1,958 73 8

Fletcher Hills Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 24
9
GreatSchools Rating

Fletcher Hills Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 24
9
GreatSchools Rating

West Hills High School

  • Education Level: High
  • # of students: 1,958
  • # of teachers: 73
8
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,317
Property Tax -$841
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$865

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.

$899,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$16,553

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
  • $3,789

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,5004$3,895
$3,895
RENT COMPS ANALYSIS
  • 1795 El Pico Dr El Cajon, CA 1
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2144 Valley Lake Dr. El Cajon, CA 2
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1976
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.63
    •  
  • 499 Hills Lane Drive El Cajon, CA 3
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1968
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.78
    •  
  • 6122 Nagel St La Mesa, CA 4
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1953
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $2.19
    •  
PROPERTY LISTING DETAILS
Theresa Mack
1.858.230.4850
Keller Williams Realty
BESbswy