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2819 Sunset Hls Escondido, CA 92025

4 Beds 2 Baths 2,464 sqft Built 1977

$845,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $342.94
  • 2 Days on Market
  • MLS # : 210001940
  • Updated Date : 01/23/2021 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,464 sqft
  • Baths : 2 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Gorgeous single level hilltop property in South Escondido with tremendous views from every room in the house. Some cosmetic fixing will turn this into an absolute dream home. The backyard is south facing creating wonderful natural lighting throughout the day. Private, peaceful, and serene setting with a swimming pool, pergola, and large deck areas to enjoy the outdoors. The private driveway leads you to a covered entry with large double doors. Great floorplan, abundant living areas and good size bedrooms.

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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: East Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $226k853k

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

Neighborhood: East Canyon

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $14343652

* 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
L. R. Green Elementary School Primary Regular 682 30 7
Bear Valley Middle School Middle Regular 1,087 52 5
San Pasqual High School High Regular 2,237 93 7

L. R. Green Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 30
7
GreatSchools Rating

Bear Valley Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 52
5
GreatSchools Rating

San Pasqual High School

  • Education Level: High
  • # of students: 2,237
  • # of teachers: 93
7
GreatSchools Rating
 

$760,500$929,500$845,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,935
Property Tax -$780
Property Insurance -$89
Property Management Fees -$129
CASH FLOW
-$653

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.

$845,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$17,936

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
  • $3,105

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,150
$3,150
RENT COMPS ANALYSIS
  • 2819 Sunset Hls Escondido, CA 1
    • 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 921 Inspiration Ln. Escondido, CA 2
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1984
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.37
    •  
  • 3610 Zermatt Lane Escondido, CA 3
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1977
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.15
    •  
PROPERTY LISTING DETAILS
Rick Sauer
1.858.414.0977
Windermere Homes & Estates
BESbswy