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

3633 Monte Real Escondidio, CA 92029

4 Beds 3 Baths 2,819 sqft Built 1986

$1,350,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $478.89
  • 7 Days on Market
  • MLS # : 210002637
  • Updated Date : 02/06/2021 at 00:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,819 sqft
  • Baths : 2 full , 1 half
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Should your clients be looking for a Single Story, a stunning Remodel and Spectacular Lake Hodges Views, this is the home. The Home was professionally remodeled in 2018, including and not limited to a complete Kitchen, Baths, Hardwood flooring, designer paint, custom lighting, Panoramic collapsible exterior doors, new Knotty Alder interior doors, new roof and landscaping with Spa, fire pit and custom lighting. 3-car garage. Cul-de-sac location. Trust me you won't be disappointed. See supplement

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: Lake Hodges

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $226k901k

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

Neighborhood: Lake Hodges

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14344504

* 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
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$4,689
Property Tax -$1,267
Property Insurance -$98
HOA -$20
Property Management Fees -$129
CASH FLOW
-$2,453

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.

$1,350,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$96

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
  • $3,777

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,8754$4,400
$4,400
RENT COMPS ANALYSIS
  • 3633 Monte Real Escondidio, CA 1
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3610 Zermatt Lane Escondido, CA 2
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1977
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.15
    •  
  • 3230 Via Zamora Escondido, CA 3
    • 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 1998
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $1.38
    •  
  • 3646 Purer Road Escondido, CA 4
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1989
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.49
    •  
PROPERTY LISTING DETAILS
Diane Teti
1.858.449.8384
Windermere Homes & Estates
BESbswy