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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $269.85
- 10 Days on Market
- MLS # : 210000026
- Updated Date : 01/04/2021 at 19:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,872 sqft
- Baths : 2 full , 1 half
Listing Agent
D&m Realty And Management
Listing Agent's Description
Large 4 Bedroom Home ready to move in,perfectly located in the beautiful neighborhood of Mission Terrace Community Of Oceanside with a large bonus room,large kitchen with extra pantry,huge master bedroom with soaking tub and walk in closet and separate laundry room with lots of cabinets. One bedroom has a walk in closet and the other 2 are very spacious. Private backyard with no rear neighbors and beautiful hillside .
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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: San Luis Rey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Luis Rey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,420 |
| EXPENSES | Loan Payment | -$2,692 |
| Property Tax | -$719 | |
| Property Insurance | -$99 | |
| HOA | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$344
|
||
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.
$775,000
PROJECTED PRICE
$3,420
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$211,125
LOAN DETAILS
$2,692
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
4.5
YEARS SAVED
$35,305
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,446
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
362 La Soledad Way Oceanside, CA 1
- 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $0
- $0.00
-
338 Moonstone Bay Dr Oceanside, CA 2
- 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1991
LEASED 03/03/20- Rent
- Rent Per SQFT
- $3,200
- $1.22
-
5105 Palmera Dr Oceanside, CA 3
- 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1997
LEASED 03/20/20- Rent
- Rent Per SQFT
- $3,300
- $1.18
PROPERTY LISTING DETAILS
1.858.522.9265
D&m Realty And Management
