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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $359.19
- 2 Days on Market
- MLS # : 210019515
- Updated Date : 07/13/2021 at 18:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,923 sqft
- Baths : 3 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Stunning, upgraded home in desirable Rancho Sierra! Enter to find hardwood flooring, vaulted ceilings, and large windows basking the home in an abundance of natural light. Featuring 4 bedrooms and 3 FULL bathrooms, this home has room for everyone! Downstairs you'll find one bedroom and one full bathroom convenient for guests, office or in-home gym, along with a large living room with a cozy fireplace and dining room. The back of the home has a family room, an additional fireplace, and large French doors overlooking the private backyard.
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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: Felicita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Felicita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,020 |
| EXPENSES | Loan Payment | -$3,647 |
| Property Tax | -$983 | |
| Property Insurance | -$101 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$839
|
||
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.
$1,049,900
PROJECTED PRICE
$4,020
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$283,974
LOAN DETAILS
$3,647
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $262,475 |
| Loan Amount | $787,425 |
2.5
YEARS SAVED
$20,457
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,355
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
-
1806 Gamble Ln Escondido, CA 1
- 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1702 Macero St Escondido, CA 2
- 5 beds 4 baths ∙ 2,685 Sqft ∙ Built 1981 5 beds 4 baths ∙ 2,685 Sqft ∙ Built 1981
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $4,000
- $1.49
PROPERTY LISTING DETAILS
1.310.801.2366
Redfin Corporation
MLS #: 210019515
Last Updated: 07/13/2021
