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1910 Willowbrook Dr 
Oceanside, CA
92056
4 Beds 3 Baths 2,530 sqft
Built 1991
INVESTimate
$695,000
List Price
$189,925
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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $274.70
- 3 Days on Market
- MLS # : 200041064
- Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,530 sqft
- Baths : 3 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Well maintained two-story home with an attached three-car garage situated on a premium corner lot within the heart of Oceanside. Enter to an open floor plan with high ceilings and large windows that bask the home in an abundance of natural light. An open concept kitchen featuring granite countertops and warm cabinetry that opens to the family room complete with a cozy fireplace.
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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: Guajome
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Guajome
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,110 |
| EXPENSES | Loan Payment | -$2,564 |
| Property Tax | -$664 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$338
|
||
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.
$695,000
PROJECTED PRICE
$3,110
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$189,925
LOAN DETAILS
$2,564
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
4.67
YEARS SAVED
$39,460
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
-
$3,348
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
-
1910 Willowbrook Dr Oceanside, 1
- 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1991
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1216 Masterpiece Oceanside, 2
- 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 1992
![property image]()
LEASED 03/28/19- Rent
- Rent Per SQFT
- $3,100
- $1.28
-
5105 Palmera Dr Oceanside, 3
- 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $3,300
- $1.18
-
1579 Corte Daniel Oceanside, 4
- 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1994
![property image]()
LEASED 04/03/19- Rent
- Rent Per SQFT
- $3,395
- $1.51
PROPERTY LISTING DETAILS
1.760.672.5095
Redfin Corporation
