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3264 Casa Bonita Dr Bonita, CA 91902

4 Beds 3 Baths 2,394 sqft Built 1975

INVESTimate

$819,900

List Price

$3,410

$3,160 - $3,660

Rent Est.

$866,306  ( +5.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $342.48
  • 3 Days on Market
  • MLS # : 200040966
  • Updated Date : 08/24/2020 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,394 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker West

Listing Agent's Description

DOWNSTAIRS MASTER-PERFECT!! GREAT FLOOR PLAN-MAJOR LIVING SPACE DOWNSTAIRS-UPSTAIRS FEATURES 3 BEDROOMS AND A FULL BATH-ONE EXTRA LARGE BEDROOM COULD BE A SECOND MASTER-LARGE CLOSET, STORAGE AREA-DOWNSTAIRS FEATURES DRAMATIC VAULTED CEILINGS IN GORGEOUS, SUNNY LIVING ROOM-SEPARATE FORMAL DINING ROOM WITH BUILT IN CABINETRY-NICE OPEN KITCHEN WITH EXTENSIVE CABINETRY-GREAT FAMILY ROOM FEATURING A FIREPLACE WITH ----- AREA-VAULTED CEILINGS-GREAT BACKYARD WITH A SPARKLING POOL & SPA-LOW MAINTENANCE-

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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
 

$737,910$901,890$819,900

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,025
Property Tax -$876
Property Insurance -$87
HOA -$210
Property Management Fees -$129
CASH FLOW
-$917

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.

$819,900

PROJECTED PRICE

$3,410

PROJECTED RENT

0.42%

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$223,024

INVESTMENT

$223,024

Down Payment
$204,975
Rehab Estimate
$5,750
Closing Costs
$12,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,025

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $204,975
Loan Amount $614,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,050

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
  • $3,435

    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
  • 3264 Casa Bonita Dr Bonita, 1
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,394 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
Patti Mckelvey
1.619.271.8300
Coldwell Banker West
BESbswy