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314 Luiseno Ave Oceanside, CA 92057

3 Beds 3 Baths 2,605 sqft Built 1990

$719,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $276.01
  • 3 Days on Market
  • MLS # : 200053308
  • Updated Date : 12/05/2020 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,605 sqft
  • Baths : 3 full
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

MASTER BR ON THE FIRST FLOOR! Former model home on one of the best elevated lots in California Crest with incredible easterly views overlooking the San Luis Rey River Valley! Fantastic floor plan w/ grand entrance, living room with fireplace, huge kitchen with island & desk area, spacious family room off kit, 2 big bedrooms upstairs, 1st floor master bedroom w/ slider to backyard, office (opt br) w/ built-ins also on 1st floor, & 3-Car attached garage! Newer Heater & Air Conditioning!

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: Guajome

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $217k634k

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

Neighborhood: Guajome

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14282901

* 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
Alamosa Park Elementary School Primary Regular 534 21 6
Roosevelt Middle School Middle Regular 1,103 47 2
Vista High School High Regular 2,567 121 6

Alamosa Park Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 21
6
GreatSchools Rating

Roosevelt Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 47
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$647,100$790,900$719,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,653
Property Tax -$643
Property Insurance -$93
HOA -$33
Property Management Fees -$129
CASH FLOW
-$470

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.

$719,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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$30k

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$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$29,893

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
  • $3,109

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,2004$3,300
$3,300
RENT COMPS ANALYSIS
  • 314 Luiseno Ave Oceanside, CA 1
    • 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4313 Deer Valley Way Oceanside, CA 2
    • 3 beds 3 baths ∙ 2,291 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,291 Sqft ∙ Built 2002
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.18
    •  
  • 338 Moonstone Bay Dr Oceanside, CA 3
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1991
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.22
    •  
  • 5105 Palmera Dr Oceanside, CA 4
    • 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.18
    •  
PROPERTY LISTING DETAILS
Joe Violi
1.760.533.7731
Pacific Sotheby's Int'l Realty
BESbswy