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2350 Doubletree Rd. Spring Valley, CA 91978

4 Beds 2 Baths 1,789 sqft Built 1974

INVESTimate

$620,000

List Price

$2,770

$2,520 - $3,020

Rent Est.

$672,576  ( +8.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $346.56
  • 6 Days on Market
  • MLS # : 200040657
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,789 sqft
  • Baths : 2 full
Listing Agent

24/7 Realty Inc.

Listing Agent's Description

This is a gorgeous 4 bedroom 2 bath home on the border of Spring Valley and Rancho San Diego. With upgraded countertops and floors. Seller will have functional pool with water by the close of escrow, which can be included in contract from buyer. Sale is contingent on seller finding a replacement property. Close access to freeways and shopping centers.

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $201k594k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13612885

* 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
Loma Elementary School Primary Regular 432 15 4
Loma Elementary School Middle Regular 432 15 4
Monte Vista High School High Regular 1,657 76 7

Loma Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 15
4
GreatSchools Rating

Loma Elementary School

  • Education Level: Middle
  • # of students: 432
  • # of teachers: 15
4
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 76
7
GreatSchools Rating
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,288
Property Tax -$719
Property Insurance -$72
Property Management Fees -$129
CASH FLOW
-$437

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.

$620,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.48%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$22,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,064

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7703$2,9004$3,1955$3,280
$3,280
RENT COMPS ANALYSIS
  • 2350 Doubletree Rd. Spring Valley, 2
    • 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.55
    •  
  • 2390 Bar Bit Rd Spring Valley, 1
    • 4 beds 2 baths ∙ 1,445 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,445 Sqft ∙ Built 1974
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.73
    •  
  • 10331 Moorpark St Spring Valley, 3
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.77
    •  
  • 3705 Avenida Johanna La Mesa, 4
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979
    property image
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.72
    •  
  • 10218 Moorpark St Spring Valley, 5
    • 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 1980
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.63
    •  
PROPERTY LISTING DETAILS
Rudy Johnson
1.619.240.4278
24/7 Realty Inc.
BESbswy