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

1836 Kingston Dr Escondido, CA 92027

3 Beds 2 Baths 1,360 sqft Built 1968

$550,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $404.41
  • 2 Days on Market
  • MLS # : 200052370
  • Updated Date : 11/22/2020 at 05:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,360 sqft
  • Baths : 2 full
Listing Agent

Eclipse Realty

Listing Agent's Description

Great starter home in Oak Hill. covered patio and fenced yard and good layout. New flooring throughout. Roof 5 years old.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Midway

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Midway

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12802885

* 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
Oak Hill Elementary School Primary Regular 926 36 2
Hidden Valley Middle School Middle Regular 1,153 56 4
Orange Glen High School High Regular 2,123 87 4

Oak Hill Elementary School

  • Education Level: Primary
  • # of students: 926
  • # of teachers: 36
2
GreatSchools Rating

Hidden Valley Middle School

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 56
4
GreatSchools Rating

Orange Glen High School

  • Education Level: High
  • # of students: 2,123
  • # of teachers: 87
4
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,029
Property Tax -$520
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$270

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.

$550,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$30,390

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
  • $2,652

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,5004$2,500
$2,500
RENT COMPS ANALYSIS
  • 1836 Kingston Dr Escondido, CA 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 119 Auburn Gln Escondido, CA 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1983
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.56
    •  
  • 572 Veronica Place Escondido, CA 3
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1988
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.07
    •  
  • 1159 Sander Court Escondido, CA 4
    • 3 beds 2 baths ∙ 1,124 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,124 Sqft ∙ Built 1970
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.22
    •  
PROPERTY LISTING DETAILS
Dirk Cahaan
1.619.913.4852
Eclipse Realty
BESbswy