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

3678 Camino Marglesa Escondido, CA 92025

3 Beds 2 Baths 1,744 sqft Built 1995

$658,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $377.81
  • 2 Days on Market
  • MLS # : 200054960
  • Updated Date : 01/02/2021 at 20:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom, single story home on a corner lot in the gated community of Del Lago on the Greens! Enjoy a private, gated entrance to the front courtyard. The formal entry offers high ceilings, an open floor plan, and plush carpet flooring. The kitchen features light wood cabinetry, white appliances, a double oven, and breakfast nook. The primary bedroom offers a large closet, dual sinks in the primary bathroom, a soaking tub, and walk-in shower. Sliding doors lead to the outdoor patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kit Carson

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k614k

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

Neighborhood: Kit Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14342885

* 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
L. R. Green Elementary School Primary Regular 682 30 7
Bear Valley Middle School Middle Regular 1,087 52 5
San Pasqual High School High Regular 2,237 93 7

L. R. Green Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 30
7
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
 

$593,010$724,790$658,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,431
Property Tax -$617
Property Insurance -$71
HOA -$315
Property Management Fees -$129
CASH FLOW
-$823

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$658,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,359

INVESTMENT

$180,359

Down Payment
$164,725
Rehab Estimate
$5,750
Closing Costs
$9,884

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,725
Loan Amount $494,175
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,880

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
  • $2,907

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,2004$3,200
$3,200
RENT COMPS ANALYSIS
  • 3678 Camino Marglesa Escondido, CA 1
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 632 Hibiscus Glen Escondido, CA 2
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1983
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.56
    •  
  • 18990 Caminito Cantilena #51 San Diego, CA 3
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
  • 18761 Caminito Pasadero #119 San Diego, CA 4
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1998
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
PROPERTY LISTING DETAILS
Justin Tye
1.619.333.2721
Active Realty
BESbswy