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2061 Dawn View Gln Escondido, CA 92026

4 Beds 3 Baths 2,090 sqft Built 1994

$678,900

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $324.83
  • 2 Days on Market
  • MLS # : 200054358
  • Updated Date : 12/20/2020 at 04:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,090 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bathroom, 2 story home on a cul-de-sac lot in the gated community of Emerald Heights in Escondido! Enjoy a formal entry to the open floor plan with cathedral ceilings, elegant wood flooring, and an inviting fireplace. The formal dining room is adjacent to the open kitchen with center island, white appliances, a walk-in pantry, and tile countertops. The primary bedroom features a walk-in closet, a soaking tub in the primary bathroom, and a walk-in shower. Back yard barbecue.

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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: Mesa Rock

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k626k

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

Neighborhood: Mesa Rock

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14342885

* 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
Richland Elementary School Primary Regular 850 32 7
Woodland Park Middle School Middle Regular 1,305 44 6
Mission Hills High School High Regular 2,530 91 8

Richland Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 32
7
GreatSchools Rating

Woodland Park Middle School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 44
6
GreatSchools Rating

Mission Hills High School

  • Education Level: High
  • # of students: 2,530
  • # of teachers: 91
8
GreatSchools Rating
 

$611,010$746,790$678,900

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,505
Property Tax -$627
Property Insurance -$80
HOA -$220
Property Management Fees -$129
CASH FLOW
-$561

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.

$678,900

PROJECTED PRICE

$3,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.7%
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$25k

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$185,659

INVESTMENT

$185,659

Down Payment
$169,725
Rehab Estimate
$5,750
Closing Costs
$10,184

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,725
Loan Amount $509,175
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$18,393

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
  • $3,191

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8753$3,0004$3,500
$3,500
RENT COMPS ANALYSIS
  • 2061 Dawn View Gln Escondido, CA 1
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 798 Pebble Beach Dr San Marcos, CA 2
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 1996
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.51
    •  
  • 955 Richland Road San Marcos, CA 3
    • 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1975
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.41
    •  
  • 635 Lancashire Pl San Marcos, CA 4
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.66
    •  
PROPERTY LISTING DETAILS
Justin Tye
1.619.333.2721
Active Realty
BESbswy