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2125 Euclid Ave National City, CA 91950

4 Beds 3 Baths 1,482 sqft Built 1996

$574,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $387.92
  • 5 Days on Market
  • MLS # : 200050721
  • Updated Date : 11/04/2020 at 20:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,482 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Hometown, Realtors

Listing Agent's Description

Remodeled in 2016 and recently added new front patio and backyard gazebo, this home is a gem. Updated bathrooms, fixtures and lights. Stainless steel appliances, washer and dryer included, newer designer paint colors, and hardwood floors. Home has 1482 sqft living space. 4 beds 2 1/2 baths and an attached oversize double car garage w/carport. This home sits on a less busy part of Euclid Avenue. Next to elementary school, walking distance to middle school and minutes to Coronado and Downtown.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: National City

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $175k594k

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

Neighborhood: National City

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12622885

* 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
Lincoln Acres School Primary Regular 603 27 4
Granger Junior High School Middle Regular 921 36 4
Sweetwater High School High Regular 2,761 96 5

Lincoln Acres School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 27
4
GreatSchools Rating

Granger Junior High School

  • Education Level: Middle
  • # of students: 921
  • # of teachers: 36
4
GreatSchools Rating

Sweetwater High School

  • Education Level: High
  • # of students: 2,761
  • # of teachers: 96
5
GreatSchools Rating
 

$517,410$632,390$574,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,121
Property Tax -$635
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$329

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$574,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

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$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$27,061

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
  • $2,512

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5603$2,600
$2,600
RENT COMPS ANALYSIS
  • 2125 Euclid Ave National City, CA 1
    • 4 beds 3 baths ∙ 1,482 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,482 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3210 Paseo De Fuentes National City, CA 2
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 2006
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.57
    •  
  • 1854 E 12th St National City, CA 3
    • 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 2005
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.82
    •  
PROPERTY LISTING DETAILS
Fevin Reyes
1.619.537.6175
Re/max Hometown, Realtors
BESbswy