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1992 Sixes Ct Ramona, CA 92065

4 Beds 3 Baths 2,642 sqft Built 2000

$799,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $302.42
  • 2 Days on Market
  • MLS # : 200052765
  • Updated Date : 11/29/2020 at 05:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,642 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ramona Realty

Listing Agent's Description

WOW!! Gorgeous family estate on over 3 acres! Huge family kitchen with new granite, dishwasher and range hood. Large breakfast nook! Huge living room with a gorgeous fireplace, huge family room, Gorgeous bathrooms with new granite. Lots of room for horses or whatever! NO HOA! 6 stall barn, 3 car attached garage, 2 car detached garage with storage PLUS a HUGE 40x45 detached workshop/garage with room for 8 cars with benches and shelving. Also an outbuilding that can be converted to granny flat! This is IT!

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: Ramona

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $210k594k

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

Neighborhood: Ramona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13692885

* 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
Barnett Elementary School Primary Regular 488 17 6
Barnett Elementary School Middle Regular 488 17 6
Ramona High School High Regular 1,689 63 7

Barnett Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 17
6
GreatSchools Rating

Barnett Elementary School

  • Education Level: Middle
  • # of students: 488
  • # of teachers: 17
6
GreatSchools Rating

Ramona High School

  • Education Level: High
  • # of students: 1,689
  • # of teachers: 63
7
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,948
Property Tax -$746
Property Insurance -$94
Property Management Fees -$129
CASH FLOW
-$686

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.

$799,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$20,746

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
  • $3,355

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,995
$2,995
RENT COMPS ANALYSIS
  • 1992 Sixes Ct Ramona, CA 1
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1508 Sara Marie Pl Ramona, CA 2
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2007
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.27
    •  
PROPERTY LISTING DETAILS
Kurt Myers
1.858.999.1455
Ramona Realty
BESbswy