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218 Violet San Marcos, CA 92078

4 Beds 3 Baths 2,647 sqft Built 2005

$1,079,000

List Price

$4,270

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $407.63
  • 2 Days on Market
  • MLS # : 210019569
  • Updated Date : 07/13/2021 at 05:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Professional photos coming Thursday! This light and bright home will draw you in, and the views and privacy will make you want to stay. The large backyard is perfect for entertaining with multiple entertaining areas including a built-in fire pit, built-in BBQ and a spa to enjoy the mountain views from. Inside, the wood-look plank floors flow through the lower level. There is a bedroom and full bath on the first floor for guests or multi-gen living. The kitchen has been upgraded with a rich butcher block island, light cabinets, and fresh paint. In addition to plenty of storage, you will also enjoy a surprisingly deep pantry as well. The loft provides an extra living or entertaining space. Enjoy a large main bedroom with views, an en-suite, expansive walk-in closet, separate sinks, a vanity and more. The two additional upstairs rooms each have individual sinks adjoining to the Jack-n-Jill style bath. Even though this neighborhood is peaceful, you are still within great proximity to trails, parks, shopping, & freeways!

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: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k636k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Discovery Elementary School Primary Regular 982 37 8
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

Discovery Elementary School

  • Education Level: Primary
  • # of students: 982
  • # of teachers: 37
8
GreatSchools Rating

San Elijo Middle School

  • Education Level: Middle
  • # of students: 1,850
  • # of teachers: 61
9
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$971,100$1,186,900$1,079,000

PURCHASE PRICE

$3,843$4,697$4,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,270
EXPENSES Loan Payment -$3,748
Property Tax -$1,112
Property Insurance -$94
HOA -$121
Property Management Fees -$129
CASH FLOW
-$934

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.

$1,079,000

PROJECTED PRICE

$4,270

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.6%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,685

INVESTMENT

$291,685

Down Payment
$269,750
Rehab Estimate
$5,750
Closing Costs
$16,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,748

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $269,750
Loan Amount $809,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$18,143

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
  • $4,659

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,500
$4,500
RENT COMPS ANALYSIS
  • 218 Violet San Marcos, CA 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 683 Merit Dr San Marcos, CA 2
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2018
    property image
    LEASED 03/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.76
    •  
PROPERTY LISTING DETAILS
Malynda Clair
1.619.339.8486
Keller Williams Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210019569
Last Updated: 07/13/2021
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