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322 Mission View Way Oceanside, CA 92057

3 Beds 3 Baths 2,478 sqft Built 2007

$849,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $342.62
  • 1 Days on Market
  • MLS # : 210019583
  • Updated Date : 07/13/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,478 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker West

Listing Agent's Description

Gorgeous newer construction luxury residence on ½ acre lot with 24 owned solar panels = minimal utility bills. Rare single story layout with no interior steps. Peaceful surroundings on a dead end private cul-de-sac. Beautifully landscaped with several patios. Great room concept floor plan, New flooring, Gourmet kitchen w/walk-in pantry, large island, granite countertops, custom cabinetry with ample storage. Elegant master suite w/ soaker tub, dual vanities & dual walk-in closets. Mere minutes to all convenience and a short drive to the beach! Impeccably maintained, private & quiet. Truly a turn-key residence ready for you to call HOME. See it today!

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

Neighborhood: San Luis Rey

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $171k594k

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

Neighborhood: San Luis Rey

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13292885

* 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
Nichols Elementary School Primary Regular 722 29 5
Martin Luther King Jr. Middle School Middle Regular 1,576 57 6
El Camino High School High Regular 3,076 114 8

Nichols Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 29
5
GreatSchools Rating

Martin Luther King Jr. Middle School

  • Education Level: Middle
  • # of students: 1,576
  • # of teachers: 57
6
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 3,076
  • # of teachers: 114
8
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,949
Property Tax -$787
Property Insurance -$90
HOA -$105
Property Management Fees -$129
CASH FLOW
-$900

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$849,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,975

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
  • $3,345

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 322 Mission View Way Oceanside, CA 1
    • 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1480 Enchante Way Oceanside, CA 2
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2003
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.39
    •  
  • 4313 Black Canyon Way Oceanside, CA 3
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.30
    •  
  • 4557 Arbor Glen Way Oceanside, CA 4
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2003
    LEASED 05/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.39
    •  
  • 5045 Bella Collina Oceanside, CA 5
    • 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 2000
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
PROPERTY LISTING DETAILS
Michael Wolf
1.858.722.6847
Coldwell Banker West
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210019583
Last Updated: 07/13/2021
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