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2257 Baxter Canyon Road Vista, CA 92081

3 Beds 3 Baths 1,500 sqft Built 1993

$724,999

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $483.33
  • 7 Days on Market
  • MLS # : 210004646
  • Updated Date : 02/23/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Miller, Broker

Listing Agent's Description

Rarely available turnkey home in the highly desirable Shadowridge area of Vista. Nestled blocks from the Carlsbad border and minutes from the shopping/entertainment hub of Bressi ranch! Home features vaulted ceilings, luxury vinyl plank flooring, kitchen island, new blinds, new A/C & Furnace, manicured yard with new grass + large balcony off the master suite! Home boasts tremendous natural light throughout & has been freshly painted. Walking distance to South Buena Vista Dog Park + No HOA or Mello Roos!!

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: Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13382885

* 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
Lake Elementary School Primary Regular 809 32 6
Madison Middle School Middle Regular 1,164 51 5
Rancho Buena Vista High School High Regular 2,532 119 8

Lake Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 32
6
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 51
5
GreatSchools Rating

Rancho Buena Vista High School

  • Education Level: High
  • # of students: 2,532
  • # of teachers: 119
8
GreatSchools Rating
 

$652,499$797,499$724,999

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 -$2,518
Property Tax -$780
Property Insurance -$65
Property Management Fees -$129
CASH FLOW
-$872

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.

$724,999

PROJECTED PRICE

$2,620

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.4%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,749
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,053

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
  • $2,770

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5503$2,7454$2,875
$2,875
RENT COMPS ANALYSIS
  • 2257 Baxter Canyon Road Vista, CA 1
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1522 Enchantment Ave Vista, CA 2
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.84
    •  
  • 6108 Citracado Cir Carlsbad, CA 3
    • 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 2001
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $1.90
    •  
  • 6095 Paseo Carreta Carlsbad, CA 4
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2000
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.80
    •  
PROPERTY LISTING DETAILS
Mark Miller
1.858.945.4141
Mark Miller, Broker
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004646
Last Updated: 02/23/2021
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