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187 Camino Vista Real Chula Vista, CA 91910

4 Beds 3 Baths 2,143 sqft Built 1977

$749,900

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $349.93
  • 3 Days on Market
  • MLS # : 210007206
  • Updated Date : 03/19/2021 at 23:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,143 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

This four bedroom three bathroom home has so much to offer! Walk in and find vaulted ceilings in the entry and living room. Tiled floors throughout the downstairs lead into the dining room and then to updated kitchen complete with all stainless steel appliances. Whip up your favorite dish to snack on at the breakfast bar or just enjoy the backyard views. Enjoy the large backyard by way of the family room, or stay inside and get cozy by the gas fireplace. Upstairs you will find all 4 bedrooms, including the primary suit. This spacious room not only boasts an en suite with a granite countertop double vanity and walk-in closet, but enjoys the added bonus of a private deck.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hilltop

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $218k594k

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

Neighborhood: Hilltop

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13762926

* 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
Hilltop Middle School Middle Magnet 1,132 44 4
Hilltop High School High Magnet 2,174 80 7

Hilltop Middle School

  • Education Level: Middle
  • # of students: 1,132
  • # of teachers: 44
4
GreatSchools Rating

Hilltop High School

  • Education Level: High
  • # of students: 2,174
  • # of teachers: 80
7
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,605
Property Tax -$710
Property Insurance -$81
Property Management Fees -$129
CASH FLOW
-$744

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.

$749,900

PROJECTED PRICE

$2,780

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.2%
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

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,818

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
  • $2,986

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,0004$3,300
$3,300
RENT COMPS ANALYSIS
  • 187 Camino Vista Real Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 431 Sparrow Chula Vista, CA 2
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.34
    •  
  • 207 E J St Chula Vista, CA 3
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1964
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.43
    •  
  • 1136 Cloudwalk Canyon Dr. Chula Vista, CA 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1989
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.41
    •  
PROPERTY LISTING DETAILS
Jeffrey Nix
1.619.962.2471
Redfin Corporation
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007206
Last Updated: 03/19/2021
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