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1930 Willowbrook Dr Oceanside, CA 92056

3 Beds 2 Baths 2,002 sqft Built 1991

INVESTimate

$660,000

List Price

$2,970

$2,720 - $3,220

Rent Est.

$701,448  ( +6.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $329.67
  • 6 Days on Market
  • MLS # : 200040585
  • Updated Date : 08/23/2020 at 22:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,002 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Wonderfully maintained! This upgraded single level home in Oceanside is ready for its new owners! Newer paint, recessed lighting, and newer doors compliment the bright and open floor plan. The kitchen features maple cabinets, large bay window, ample counter space and separate eating area with lots of windows. The living room flows seamlessly from the kitchen and features French doors to private backyard. No HOA fees!

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: Guajome

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $217k634k

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

Neighborhood: Guajome

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14282901

* 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
 

$594,000$726,000$660,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,435
Property Tax -$630
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$302

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.

$660,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $165,000
Loan Amount $495,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$39,650

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,970

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,283

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9503$2,9704$3,195
$3,195
RENT COMPS ANALYSIS
  • 1930 Willowbrook Dr Oceanside, 3
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.48
    •  
  • 4904 Bella Collina St Oceanside, 1
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1994
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.65
    •  
  • 2032 Paseo De Anza Vista, 2
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 1988
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.65
    •  
  • 1832 Via Allena Oceanside, 4
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1989
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.62
    •  
PROPERTY LISTING DETAILS
Charlie Baker
1.760.207.2696
Redfin Corporation
BESbswy