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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kit Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$180,359
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $164,725 |
| Loan Amount | $494,175 |
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
-
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
1.619.333.2721
Active Realty
