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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $304.24
- 13 Days on Market
- MLS # : 200051755
- Updated Date : 11/18/2020 at 00:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,936 sqft
- Baths : 2 full , 1 half
Listing Agent
United Real Estate San Diego
Listing Agent's Description
Greeted by a custom paver driveway, this gorgeous home sits on the fairway of hole one of Castle Creek Golf Course. This home boasts an open floorplan with beautiful wood floors downstairs with plantation shutters throughout. The kitchen has been updated & includes an island, granite counter tops & a glass tile backsplash. The family room has custom built-ins, including massive TV & surround sound. Upstairs the master bedroom has a large walk-in closet & deck with sweeping mountain & golf course views.
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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
Zip Code: 92026
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92026
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,760 |
| EXPENSES | Loan Payment | -$2,173 |
| Property Tax | -$613 | |
| Property Insurance | -$76 | |
| HOA | -$90 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$321
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$589,000
PROJECTED PRICE
$2,760
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| 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
$161,835
LOAN DETAILS
$2,173
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $147,250 |
| Loan Amount | $441,750 |
4.42
YEARS SAVED
$29,578
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,962
COMP ESTIMATED VALUE -
$1.53
COMP AVG. RENT PER SQFT
Comps Range
-
29652 Gracilior Drive Escondido, CA 1
- 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $0
- $0.00
-
29710 Williams Valley Ct Escondido, CA 2
- 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 2003
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,790
- $1.53
PROPERTY LISTING DETAILS
1.760.201.7202
United Real Estate San Diego
