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2220 Bliss Cir Oceanside, CA 92056

5 Beds 3 Baths 2,866 sqft Built 2002

$750,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $261.69
  • 11 Days on Market
  • MLS # : 210004328
  • Updated Date : 02/24/2021 at 20:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,866 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to this Emerald Estates stunner in the heart of Rancho Del Oro. Rarely available 5 bedroom home with bonus oversized loft, gorgeous west-facing views & coastal breezes! Downstairs features 1 bedroom & full bath, formal living, dining room, beautiful updated kitchen (2016) that opens to the family room & covered patio, perfect for indoor/outdoor entertaining. Access to a spacious viewing Trex deck from patio & master bedroom. Upstairs features 4 additional bedrooms, spacious loft & charming updated bathrooms. Master features a rustic sliding barn door that leads to the recently updated bathroom with modernized free-standing tub, glass enclosed shower, dual vanity, Portuguese gray/white tile flooring & a large walk-in closet with custom built-ins. Walk out from your master onto your 40' balcony with panoramic views! Other improvements include: newer AC, fireplace mantel, ceiling fans throughout, chandeliers, plantation shutters; kitchen complete with pendant lighting, quartz countertops, newer sink & fixtures, dishwasher & fume hood. Original homeowner who lived here for nearly 17 years. Centrally located to restaurants, shops, grocery stores and freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Peacock

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $196k594k

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

Neighborhood: Peacock

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13002885

* 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
Temple Heights Elementary School Primary Regular 674 28 5
Roosevelt Middle School Middle Regular 1,103 47 2
Vista High School High Regular 2,567 121 6

Temple Heights Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 28
5
GreatSchools Rating

Roosevelt Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 47
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,605
Property Tax -$673
Property Insurance -$99
HOA -$50
Property Management Fees -$129
CASH FLOW
-$96

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.

$750,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$58,326

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
  • $3,382

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,300
$3,300
RENT COMPS ANALYSIS
  • 2220 Bliss Cir Oceanside, CA 1
    • 5 beds 3 baths ∙ 2,866 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,866 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5105 Palmera Dr Oceanside, CA 2
    • 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.18
    •  
PROPERTY LISTING DETAILS
Nicole Mendoza
1.858.245.1361
Keller Williams Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004328
Last Updated: 02/24/2021
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