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36 Quintard St Chula Vista, CA 91911

2 Beds 2 Baths 897 sqft Built 1969

$438,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $488.29
  • 6 Days on Market
  • MLS # : 200050220
  • Updated Date : 11/02/2020 at 19:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 897 sqft
  • Baths : 1 full , 1 half
Listing Agent

The Greenhouse Group Inc.

Listing Agent's Description

COMPLETELY UPDATED TWINHOME, BIG BACKYARD, ATTACHED GARAGE & WALK TO SCHOOL AND PARKS!” WHAT WE LOVE: *It’s like living in a detached home but you don’t have to pay detached prices, and, best part of all: NO HOA! *Brand new kitchen w/ quartz counters, beveled subway tile backsplash, shaker cabinets & SS appliances. *Brand new bathrooms w/ tile enclosure, tub, vanities, commodes and fixtures. *Updated dual-pane windows, flooring, baseboards, fixtures & finishes. *Incredible starter home in a great location

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Castle Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Castle Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12522926

* 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
Loma Verde Elementary School Primary Regular 563 23 7
Loma Verde Elementary School Middle Regular 563 23 7
Castle Park High School High Regular 1,474 60 4

Loma Verde Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 23
7
GreatSchools Rating

Loma Verde Elementary School

  • Education Level: Middle
  • # of students: 563
  • # of teachers: 23
7
GreatSchools Rating

Castle Park High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 60
4
GreatSchools Rating
 

$394,200$481,800$438,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,616
Property Tax -$422
Property Insurance -$50
Property Management Fees -$129
CASH FLOW
-$667

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.

$438,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,820

INVESTMENT

$121,820

Down Payment
$109,500
Rehab Estimate
$5,750
Closing Costs
$6,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,500
Loan Amount $328,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,5503$1,795
$1,795
RENT COMPS ANALYSIS
  • 36 Quintard St Chula Vista, CA 2
    • 2 beds 2 baths ∙ 897 Sqft ∙ Built 1969 2 beds 2 baths ∙ 897 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.73
    •  
  • 892 Picador Blvd South San Diego, CA 1
    • 2 beds 1 baths ∙ 942 Sqft ∙ Built 1974 2 beds 1 baths ∙ 942 Sqft ∙ Built 1974
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.25
    •  
  • 24 Orange Ave #4 Chula Vista, CA 3
    • 2 beds 1 baths ∙ 924 Sqft ∙ Built 1973 2 beds 1 baths ∙ 924 Sqft ∙ Built 1973
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.94
    •  
PROPERTY LISTING DETAILS
Jesse Ibanez
1.858.337.2796
The Greenhouse Group Inc.
BESbswy