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

3541 Hollencrest Rd. San Marcos, CA 92069

2 Beds 1 Baths 987 sqft Built 1972

INVESTimate

$415,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$438,406  ( +5.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $420.47
  • 3 Days on Market
  • MLS # : 200040894
  • Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 987 sqft
  • Baths : 1 full
Listing Agent

Homesmart Realty West

Listing Agent's Description

Great move in ready 3br/1ba that’s perfect for a first home or investment. Private courtyard with entry gate. Upgraded and well taken care of. Light and bright kitchen with new quartz counter tops, stainless steel appliances and recessed lighting. Ceiling fans in every room. Fresh interior paint, crown molding in living area and new tile flooring throughout. Enjoy sunsets with westward panoramic views and cool breeze from this private backyard. Laundry inside. Low HOA. Close to everything!

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 Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k599k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Alvin Dunn Elementary School Primary Regular 760 32 4
San Marcos Middle School Middle Regular 1,331 48 5
San Marcos High School High Regular 2,776 101 9

Alvin Dunn Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 32
4
GreatSchools Rating

San Marcos Middle School

  • Education Level: Middle
  • # of students: 1,331
  • # of teachers: 48
5
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,531
Property Tax -$460
Property Insurance -$52
HOA -$96
Property Management Fees -$129
CASH FLOW
-$529

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.

$415,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.64%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,538

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,740

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $1,954

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,9503$2,1004$2,300
$2,300
RENT COMPS ANALYSIS
  • 3541 Hollencrest Rd. San Marcos, 1
    • 2 beds 1 baths ∙ 987 Sqft ∙ Built 1972 2 beds 1 baths ∙ 987 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.76
    •  
  • 525 Beverly Pl. San Marcos, 2
    • 2 beds 2 baths ∙ 1,068 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,068 Sqft ∙ Built 1980
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.83
    •  
  • 956 Lupine Hills Dr #52 Vista, 3
    • 2 beds 2 baths ∙ 1,095 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,095 Sqft ∙ Built 1986
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.92
    •  
  • 1637 La Flora San Marcos, 4
    • 2 beds 2 baths ∙ 1,048 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,048 Sqft ∙ Built 1965
    property image
    LEASED 03/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.19
    •  
PROPERTY LISTING DETAILS
Sorayda Martinez
1.760.877.1462
Homesmart Realty West
BESbswy