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21583 Trail Blazer Ln Escondido, CA 92029

3 Beds 3 Baths 1,873 sqft Built 2015

INVESTimate

$639,000

List Price

$2,930

$2,680 - $3,180

Rent Est.

$653,378  ( +2.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $341.16
  • 6 Days on Market
  • MLS # : 200040612
  • Updated Date : 08/24/2020 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,873 sqft
  • Baths : 2 full , 1 half
Listing Agent

Integrity Partners Real Estate

Listing Agent's Description

Shows like a MODEL HOME! Rarely available corner lot located in Harmony Grove loaded with designer finishes and panoramic mountain views! Hardwood flooring, gorgeous kitchen w/ granite counters, marble backsplash, designer pendants & walk-in pantry. Master Suite with crown moulding, chandelier and travertine vanity/shower. Relaxing and private yard w/ multiple patios for entertaining, enjoying the mountain vistas, and surrounded by a network of walking trails, 4th of July Park and community pool!

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: West Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $223k665k

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

Neighborhood: West Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $14343056

* 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
Bernardo Elementary School Primary Regular 567 24 8
Del Dios Middle School Middle Regular 859 41 3
San Pasqual High School High Regular 2,237 93 7

Bernardo Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 24
8
GreatSchools Rating

Del Dios Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 41
3
GreatSchools Rating

San Pasqual High School

  • Education Level: High
  • # of students: 2,237
  • # of teachers: 93
7
GreatSchools Rating
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,358
Property Tax -$665
Property Insurance -$74
HOA -$230
Property Management Fees -$129
CASH FLOW
-$526

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.

$639,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 2.25%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$17,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $2,922

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$2,930
1$2,9302$3,000
$3,000
RENT COMPS ANALYSIS
  • 21583 Trail Blazer Ln Escondido, 1
    • 3 beds 3 baths ∙ 1,873 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,873 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.56
    •  
  • 2718 Overlook Point Dr Escondido, 2
    • 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2017
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.56
    •  
PROPERTY LISTING DETAILS
Daniel Greer
1.858.245.7381
Integrity Partners Real Estate
BESbswy