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3714 Mira Pacific Dr Oceanside, CA 92056

2 Beds 1 Baths 827 sqft Built 1972

INVESTimate

$439,999

List Price

$1,530

$1,377 - $1,683

Rent Est.

$477,443  ( +8.51%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $532.04
  • 16 Days on Market
  • MLS # : 200038494
  • Updated Date : 08/21/2020 at 21:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 827 sqft
  • Baths : 1 full
Listing Agent

Big Block Realty, Inc

Listing Agent's Description

Beautifully remodeled 55+ Twinhome. Gorgeous kitchen with quartz counter tops and stainless steel appliances. Designer accents throughout. This great property is a must see!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Mira Costa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $202k611k

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

Neighborhood: Mira Costa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14282885

* 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
Christa Mcauliffe Elementary School Primary Regular 692 29 5
Martin Luther King Jr. Middle School Middle Regular 1,576 57 6
El Camino High School High Regular 3,076 114 8

Christa Mcauliffe Elementary School

  • Education Level: Primary
  • # of students: 692
  • # 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
 

$395,999$483,999$439,999

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,623
Property Tax -$409
Property Insurance -$48
Property Management Fees -$129
CASH FLOW
-$680

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.

$439,999

PROJECTED PRICE

$1,530

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.51%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $329,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$415

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
  • $1,476

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,900
$1,900
RENT COMPS ANALYSIS
  • 3714 Mira Pacific Dr Oceanside, 1
    • 2 beds 1 baths ∙ 827 Sqft ∙ Built 1972 2 beds 1 baths ∙ 827 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3654 Campus Drive Oceanside, 2
    • 2 beds 1 baths ∙ 1,037 Sqft ∙ Built 1973 2 beds 1 baths ∙ 1,037 Sqft ∙ Built 1973
    property image
    LEASED 02/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.83
    •  
  • 3541 Paseo De Francisco #243 Oceanside, 3
    • 2 beds 2 baths ∙ 1,093 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,093 Sqft ∙ Built 1989
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.74
    •  
PROPERTY LISTING DETAILS
Deborah See
1.760.715.4295
Big Block Realty, Inc
BESbswy