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245 Saguaro Place Oceanside, CA 92057

4 Beds 2 Baths 1,411 sqft Built 1987

$550,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $389.79
  • 6 Days on Market
  • MLS # : 210003487
  • Updated Date : 02/09/2021 at 23:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,411 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

SINGLE STORY! SOLAR! This 1,411 sqft home offers 4 bedrooms, 2 bathrooms, and is located on quiet cul-de-sac in the desirable Murray Mission community. The front courtyard leads you inside to the spacious living room. The kitchen offers plenty of cabinet space, backyard views, and opens to the dining area. The family room offers a fireplace and access to the backyard. Dual closets in the master bedroom. The master bathroom offers a walk-in shower/tub with jets. (See supplemental remarks)

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Luis Rey

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $171k594k

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

Neighborhood: San Luis Rey

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13292885

* 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
Del Rio Elementary School Primary Regular 442 17 2
Cesar Chavez Middle School Middle Regular 742 32 5
El Camino High School High Regular 3,076 114 8

Del Rio Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 17
2
GreatSchools Rating

Cesar Chavez Middle School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 32
5
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 3,076
  • # of teachers: 114
8
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,910
Property Tax -$511
Property Insurance -$63
HOA -$170
Property Management Fees -$129
CASH FLOW
-$373

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.

$550,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,262

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
  • $2,370

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,5954$2,8305$2,850
$2,850
RENT COMPS ANALYSIS
  • 245 Saguaro Place Oceanside, CA 1
    • 4 beds 2 baths ∙ 1,411 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,411 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1275 Natoma Way #b Oceanside, CA 2
    • 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1994
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.62
    •  
  • 3968 Cadena Dr Oceanside, CA 3
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2001
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.73
    •  
  • 4524 Morro Bay St. Oceanside, CA 4
    • 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1986
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.72
    •  
  • 4904 Bella Collina St Oceanside, CA 5
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1994
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.65
    •  
PROPERTY LISTING DETAILS
Doug West
1.760.710.7345
First Team Real Estate
BESbswy