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1826 Gamble Lane Escondido, CA 92029

4 Beds 3 Baths 2,527 sqft Built 1990

$925,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $366.05
  • 20 Days on Market
  • MLS # : 210004906
  • Updated Date : 02/25/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Don Pelletier Group

Listing Agent's Description

Pride of ownership! This spacious, 4 Bedroom, 2.5 Bath, SINGLE-STORY Home, features vaulted ceilings and is infused with light from several large skylights. Additional features include a spacious master suite, that includes a separate sitting area, 2 fireplaces, extra-wide hallways, granite countertops in kitchen, a 3-car garage, a private, nicely landscaped, back yard that offers panoramic views of evening lights and the surrounding mountains and hills. Located across the street from the prestigious Del Lago Academy. NO HOA & NO MELLO-ROOS!!

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: Felicita

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $226k802k

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

Neighborhood: Felicita

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $14343561

* 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
Miller Elementary School Primary Regular 481 20 6
Del Dios Middle School Middle Regular 859 41 3
San Pasqual High School High Regular 2,237 93 7

Miller Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
6
GreatSchools Rating

Del Dios Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 41
3
GreatSchools Rating

San Pasqual High School

  • Education Level: High
  • # of students: 2,237
  • # of teachers: 93
7
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,213
Property Tax -$866
Property Insurance -$91
Property Management Fees -$129
CASH FLOW
-$818

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.

$925,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,903

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
  • $3,765

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,000
$4,000
RENT COMPS ANALYSIS
  • 1826 Gamble Lane Escondido, CA 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1990
    • 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
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.49
    •  
PROPERTY LISTING DETAILS
Don Pelletier
1.858.336.1115
The Don Pelletier Group
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004906
Last Updated: 02/25/2021
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