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2168 Summer Bloom Ln Fallbrook, CA 92028

4 Beds 4 Baths 3,530 sqft Built 2002

INVESTimate

$1,050,000

List Price

$3,180

$2,930 - $3,430

Rent Est.

$1,114,890  ( +6.18%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $297.45
  • 10 Days on Market
  • MLS # : 200039718
  • Updated Date : 08/19/2020 at 22:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,530 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass

Listing Agent's Description

This stunning, single story property has a private gated entrance, formal entry, picturesque panoramic views on 1.07 acres! The kitchen’s inviting ambiance and functional design lends itself to a social gathering area with large walk-in pantry, granite countertops, island seating and plenty of cabinetry storage. Spacious master en suite is perfect for relaxing at the end of the day with soaking tub, separate walk-in shower and seating area with dual vanities. This great outdoor...see supp

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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

Zip Code: 92028

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Zip Code: 92028

ZipNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14542885

* 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
Live Oak Elementary School Primary Regular 723 28 4
Potter Junior High School Middle Regular 776 35 5
Fallbrook High School High Regular 2,183 92 5

Live Oak Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 28
4
GreatSchools Rating

Potter Junior High School

  • Education Level: Middle
  • # of students: 776
  • # of teachers: 35
5
GreatSchools Rating

Fallbrook High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 92
5
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$3,874
Property Tax -$942
Property Insurance -$116
Property Management Fees -$129
CASH FLOW
-$1,881

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.

$1,050,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.18%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$120

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
  • $2,683

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,500
$2,500
RENT COMPS ANALYSIS
  • 2168 Summer Bloom Ln Fallbrook, 1
    • 4 beds 4 baths ∙ 3,530 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,530 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1295 Palomino Rd Fallbrook, 2
    • 3 beds 3 baths ∙ 3,274 Sqft ∙ Built 1991 3 beds 3 baths ∙ 3,274 Sqft ∙ Built 1991
    LEASED 03/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.76
    •  
PROPERTY LISTING DETAILS
Patrick Marelly
1.760.473.0000
Compass
BESbswy