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1834 Avenida Segovia Oceanside, CA 92056

3 Beds 3 Baths 1,669 sqft Built 1989

$650,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $389.45
  • 7 Days on Market
  • MLS # : 210001461
  • Updated Date : 01/23/2021 at 22:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Realty West

Listing Agent's Description

Sale contingent on seller's finding suitable housing.

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: 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,258
Property Tax -$581
Property Insurance -$69
HOA -$85
Property Management Fees -$129
CASH FLOW
-$432

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.

$650,000

PROJECTED PRICE

$2,690

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$25k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,766

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
  • $2,712

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,6504$2,8505$3,195
$3,195
RENT COMPS ANALYSIS
  • 1834 Avenida Segovia Oceanside, CA 1
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1989
    property image
    • 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
    property image
    LEASED 05/24/20
    • 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
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.61
    •  
  • 4904 Bella Collina St Oceanside, CA 4
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1994
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.65
    •  
  • 1832 Via Allena Oceanside, CA 5
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1989
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.62
    •  
PROPERTY LISTING DETAILS
Karla Hartman
1.619.804.5786
Homesmart Realty West
BESbswy