Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3209 Bonita Woods Dr Bonita Woods, CA 91902

4 Beds 3 Baths 2,370 sqft Built 1975

INVESTimate

$879,000

List Price

$3,370

$3,120 - $3,620

Rent Est.

$928,751  ( +5.66%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $370.89
  • 9 Days on Market
  • MLS # : 200039846
  • Updated Date : 08/20/2020 at 15:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,370 sqft
  • Baths : 2 full , 1 half
Listing Agent

Powers Premiere

Listing Agent's Description

Join the inviting community of the highly sought-after Bonita Woods Park. This extraordinary 4-bedroom 2.5 Bathroom home is surrounded by walking trails and stunning views of the Mother Miguel Mountains. It features elegant upgrades such as all-new luxury vinyl flooring, pool and equipment, energy efficient-windows, outdoor kitchen, landscaping including citrus trees, and a built-in bar with wine fridge. Walk out the French doors to enjoy sunrise and sunset from the redesigned master bedroom deck!

SEE MORE

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

Zip Code: 91902

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $240k746k

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

Zip Code: 91902

ZipNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15943384

* 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
Valley Vista Elementary School Primary Regular 546 23 5
Bonita Vista Middle School Middle Regular 1,209 48 6
Bonita Vista High School High Regular 2,487 88 8

Valley Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 23
5
GreatSchools Rating

Bonita Vista Middle School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 48
6
GreatSchools Rating

Bonita Vista High School

  • Education Level: High
  • # of students: 2,487
  • # of teachers: 88
8
GreatSchools Rating
 

$791,100$966,900$879,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,243
Property Tax -$885
Property Insurance -$87
HOA -$190
Property Management Fees -$129
CASH FLOW
-$1,164

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.

$879,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.66%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,494

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
  • $3,401

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0403$3,3004$3,4005$3,700
$3,700
RENT COMPS ANALYSIS
  • 3209 Bonita Woods Dr Bonita Woods, 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1085 Calle Escarpada Bonita, 2
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1964
    LEASED 03/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.43
    •  
  • 3726 Bonita Glen Terrace Bonita, 3
    • 5 beds 2 baths ∙ 2,499 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,499 Sqft ∙ Built 1970
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.32
    •  
  • 5435 Annie Laurie Ln Bonita, 4
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.42
    •  
  • 3507 Dory Dr Bonita, 5
    • 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1982 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1982
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.57
    •  
PROPERTY LISTING DETAILS
Aaron Cribbes
1.760.880.1287
Powers Premiere
BESbswy