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PROPERTY INFO
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
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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: Lake Hodges
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Hodges
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$363,500
LOAN DETAILS
$4,689
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $337,500 |
| Loan Amount | $1,012,500 |
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
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- $3,150
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- $3,875
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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
1.858.449.8384
Windermere Homes & Estates
