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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $430.27
- 3 Days on Market
- MLS # : 210004438
- Updated Date : 02/20/2021 at 02:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,019 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart Realty West
Listing Agent's Description
Ideally located on a corner lot across the street from the park & playground, this 4 bedroom home is within walking distance to all that Bressi Ranch offers. On the first floor you will find a guest bedroom with en-suite bathroom plus a dedicated office, a dining room and a kitchen that is open to the family room. The primary bedroom, located on the second floor, has expansive views and is flooded with light. The laundry room, built in desks and two additional bedrooms are also located upstairs and are generous in size. Enjoy toasting marshmallows around the firepit in the low maintenance yard. Three car garage and A/C. Walk to the resort style community pool and to the amazing variety of shops and restaurants in Bressi Ranch.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Bressi Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bressi Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,640 |
| EXPENSES | Loan Payment | -$4,512 |
| Property Tax | -$1,375 | |
| Property Insurance | -$103 | |
| HOA | -$265 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,744
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$1,299,000
PROJECTED PRICE
$4,640
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$349,985
LOAN DETAILS
$4,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $324,750 |
| Loan Amount | $974,250 |
0.42
YEARS SAVED
$1,118
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
-
$5,072
COMP ESTIMATED VALUE -
$1.68
COMP AVG. RENT PER SQFT
Comps Range
-
2682 Peppertree Way Carlsbad, CA 1
- 4 beds 4 baths ∙ 3,019 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,019 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6618 Titanite Pl La Costa, CA 2
- 4 beds 4 baths ∙ 3,217 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,217 Sqft ∙ Built 2010
LEASED 09/14/20- Rent
- Rent Per SQFT
- $5,400
- $1.68
PROPERTY LISTING DETAILS
1.858.922.2329
Homesmart Realty West
MLS #: 210004438
Last Updated: 02/20/2021
