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2956 Winding Fence Chula Vista, CA 91915

4 Beds 4 Baths 4,154 sqft Built 2006

$1,350,000

List Price

$4,410

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $324.99
  • 6 Days on Market
  • MLS # : 200051973
  • Updated Date : 11/20/2020 at 03:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,154 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Asking $1,299,000 to $1,350,000. Elegance, location, beauty, spacious and entertaining; the five words that describe this Spanish Hacienda Style residence, with a contemporary touch. Unbeatable location in Rolling Hills at Eastlake, a much desired community. Open floor plan. Space is what is needed right now, and you have it with this fabulous residence, pool, spa, games area and gym. Great for everyday family life and for guests. No Mello-Roos.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rolling Hills Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $236k825k

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

Neighborhood: Rolling Hills Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $15523512

* 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
Salt Creek Elementary School Primary Regular 978 40 10
Salt Creek Elementary School Middle Regular 978 40 10
Eastlake High School High Regular 3,079 106 9

Salt Creek Elementary School

  • Education Level: Primary
  • # of students: 978
  • # of teachers: 40
10
GreatSchools Rating

Salt Creek Elementary School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 40
10
GreatSchools Rating

Eastlake High School

  • Education Level: High
  • # of students: 3,079
  • # of teachers: 106
9
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$3,969$4,851$4,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,410
EXPENSES Loan Payment -$4,981
Property Tax -$1,312
Property Insurance -$132
HOA -$229
Property Management Fees -$129
CASH FLOW
-$2,373

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.

$1,350,000

PROJECTED PRICE

$4,410

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.6%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$155

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
  • $4,777

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,4003$4,5004$4,9505$5,000
$5,000
RENT COMPS ANALYSIS
  • 2956 Winding Fence Chula Vista, CA 1
    • 4 beds 4 baths ∙ 4,154 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,154 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 982 Silver Oak Place Chula Vista, CA 2
    • 4 beds 4 baths ∙ 4,000 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,000 Sqft ∙ Built 2004
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.10
    •  
  • 977 Adirondack Pl Chula Vista, CA 3
    • 4 beds 5 baths ∙ 3,884 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,884 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.16
    •  
  • 1033 White Alder Ave Chula Vista, CA 4
    • 5 beds 5 baths ∙ 4,339 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,339 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.14
    •  
  • 2905 Babbling Brook Rd Chula Vista, CA 5
    • 4 beds 4 baths ∙ 4,154 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,154 Sqft ∙ Built 2006
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
Cecilia Romero
1.858.361.7347
Berkshire Hathaway Homeservice
BESbswy