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3268 Via Ribera Escondido, CA 92029

3 Beds 3 Baths 2,205 sqft Built 2000

INVESTimate

$865,000

List Price

$3,850

$3,600 - $4,100

Rent Est.

$909,288  ( +5.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $392.29
  • 8 Days on Market
  • MLS # : 200041054
  • Updated Date : 08/25/2020 at 20:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

New Solar paid off! Private single story Cul-De-Sac home in the highly sought after gated Bernardo Santa Fe community. Light-filled interior with 3 bedrooms and 2.5 baths. Open concept eat-in kitchen with a huge island and granite counters opens to a large family room with fireplace. Relax and enjoy your gated resort styled Pebble Tec pool and spa with multiple seating areas for Al Fresco dining. Enjoy mountain views from under the Pergola that runs the width of the house. 3 car garage. See Supplement

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: Felicita

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $226k802k

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

Neighborhood: Felicita

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $14343561

* 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
Bernardo Elementary School Primary Regular 567 24 8
Bear Valley Middle School Middle Regular 1,087 52 5
San Pasqual High School High Regular 2,237 93 7

Bernardo Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 24
8
GreatSchools Rating

Bear Valley Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 52
5
GreatSchools Rating

San Pasqual High School

  • Education Level: High
  • # of students: 2,237
  • # of teachers: 93
7
GreatSchools Rating
 

$778,500$951,500$865,000

PURCHASE PRICE

$3,465$4,235$3,850

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-$10k$0.0$10k$20k$30k

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 $3,850
EXPENSES Loan Payment -$3,191
Property Tax -$810
Property Insurance -$83
HOA -$210
Property Management Fees -$129
CASH FLOW
-$573

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.

$865,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.12%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$31,551

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
  • $3,693

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,200
$3,200
RENT COMPS ANALYSIS
  • 3268 Via Ribera Escondido, 1
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1974 Olivia Gln Escondido, 2
    • 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 2004
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.63
    •  
  • 18990 Caminito Cantilena #51 San Diego, 3
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Ellen Bryson
1.858.945.2522
Coldwell Banker Realty
BESbswy