Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

248 Guava Chula Vista, CA 91910

2 Beds 1 Baths 1,243 sqft Built 1936

$539,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1936
  • Price/Sqft : $434.35
  • 8 Days on Market
  • MLS # : 210002602
  • Updated Date : 02/07/2021 at 03:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,243 sqft
  • Baths : 1 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Don’t miss out on this Chula Vista Gem in the heart of Chula Vista. Close to everything, Parks, restaurants, shopping, city services and the future Bay Front revitalization project. Enjoy plenty of space for all your toys, entertaining family and friends and great schools. Home is situated on a corner lot, well designed with an open floor plan. Detached 2 car garage, AC is only 3-years-old, roof is 5-years-old, and exterior paint newer. The home has upgraded plumbing and updated electrical panel.

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: Downtown Chula Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $181k594k

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

Neighborhood: Downtown Chula Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2120014001600180020002200240026002800Rent in $11952926

* 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
Chula Vista Middle School Middle Magnet 876 34 4
Chula Vista High School High Magnet 2,679 94 5

Chula Vista Middle School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 34
4
GreatSchools Rating

Chula Vista High School

  • Education Level: High
  • # of students: 2,679
  • # of teachers: 94
5
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,875
Property Tax -$511
Property Insurance -$58
Property Management Fees -$129
CASH FLOW
$116

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.

$539,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.4%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$61,253

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
  • $3,002

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$3,000
$3,000
RENT COMPS ANALYSIS
  • 248 Guava Chula Vista, CA 1
    • 2 beds 1 baths ∙ 1,243 Sqft ∙ Built 1936 2 beds 1 baths ∙ 1,243 Sqft ∙ Built 1936
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 766 Jefferson Ave #a Chula Vista, CA 2
    • 2 beds 1 baths ∙ 912 Sqft ∙ Built 1953 2 beds 1 baths ∙ 912 Sqft ∙ Built 1953
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.97
    •  
  • 235 Sea Vale St Chula Vista, CA 3
    • 2 beds 1 baths ∙ 1,048 Sqft ∙ Built 1946 2 beds 1 baths ∙ 1,048 Sqft ∙ Built 1946
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.86
    •  
PROPERTY LISTING DETAILS
Billy Colestock
1.619.787.4066
Big Block Realty, Inc.
BESbswy