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1934 Parker Mountain Rd Chula Vista, CA 91913

4 Beds 3 Baths 1,811 sqft Built 2004

$639,999

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $353.40
  • 2 Days on Market
  • MLS # : 200053874
  • Updated Date : 12/13/2020 at 03:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Source, Inc.

Listing Agent's Description

AN ABSOLUTE GEM. YOU WILL BE WOWED UPON ENTRY!!!! This Home shows like a model, has solar system installed, was recently upgraded with all the quality upgrades on your wish list to include beautiful hard wood flooring throughout, new fence, new concreate and much much more, it is also located in a highly rated school district. Just take a look at the pictures and or 3D Virtual tour, hurry up and request a viewing and make your best offer upfront before it's gone. Call Jose @ 6198636784 with questions.

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: Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Neighborhood: Hillsborough

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143064

* 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
Corky Mcmillin Elementary School Primary Regular 882 34 8
Corky Mcmillin Elementary School Middle Regular 882 34 8
Olympian High School High Regular 2,367 83 9

Corky Mcmillin Elementary School

  • Education Level: Primary
  • # of students: 882
  • # of teachers: 34
8
GreatSchools Rating

Corky Mcmillin Elementary School

  • Education Level: Middle
  • # of students: 882
  • # of teachers: 34
8
GreatSchools Rating

Olympian High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 83
9
GreatSchools Rating
 

$575,999$703,999$639,999

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,361
Property Tax -$741
Property Insurance -$73
HOA -$105
Property Management Fees -$129
CASH FLOW
-$279

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.

$639,999

PROJECTED PRICE

$3,130

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.4%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $479,999
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$38,350

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
  • $3,119

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,0504$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1934 Parker Mountain Rd Chula Vista, CA 1
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1937 Caminito De La Cruz Chula Vista, CA 2
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.54
    •  
  • 2034 Parker Mountain Rd Chula Vista, CA 3
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.78
    •  
  • 1370 Livingston St Chula Vista, CA 4
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.69
    •  
  • 1939 Parker Mountain Road Chula Vista, CA 5
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2004
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.88
    •  
PROPERTY LISTING DETAILS
Jose Cabarcas Guerra
1.619.863.6784
Realty Source, Inc.
BESbswy