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362 La Soledad Way Oceanside, CA 92057

4 Beds 3 Baths 2,872 sqft Built 2002

$775,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

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

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $171k594k

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

Neighborhood: San Luis Rey

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13292885

* 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
Nichols Elementary School Primary Regular 722 29 5
Martin Luther King Jr. Middle School Middle Regular 1,576 57 6
El Camino High School High Regular 3,076 114 8

Nichols Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 29
5
GreatSchools Rating

Martin Luther King Jr. Middle School

  • Education Level: Middle
  • # of students: 1,576
  • # of teachers: 57
6
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 3,076
  • # of teachers: 114
8
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,446

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,300
$3,300
RENT COMPS ANALYSIS
  • 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
Veronica Martin
1.858.522.9265
D&m Realty And Management
BESbswy