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3726 Valley Vista Frk Bonita, CA 91902

3 Beds 4 Baths 2,849 sqft Built 1981

$930,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $326.43
  • 2 Days on Market
  • MLS # : 200054593
  • Updated Date : 12/26/2020 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,849 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Award

Listing Agent's Description

Breathtaking views from this hilltop Bonita horse property! Set on a quiet, private street in Bonita on 0.63 of an acre, this charming tri-level home offers a large open floorplan with living room and family room that have vaulted tongue and groove wood ceilings and a double-sided custom fireplace with natural stone and copper insert. This area of the home has an open expanse of windows to the large front deck with incredible mountain views! HOME LOCATED ON VALLEY VISTA FORK

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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

Zip Code: 91902

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $240k746k

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

Zip Code: 91902

ZipNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15943384

* 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
Valley Vista Elementary School Primary Regular 546 23 5
Bonita Vista Middle School Middle Regular 1,209 48 6
Bonita Vista High School High Regular 2,487 88 8

Valley Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 23
5
GreatSchools Rating

Bonita Vista Middle School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 48
6
GreatSchools Rating

Bonita Vista High School

  • Education Level: High
  • # of students: 2,487
  • # of teachers: 88
8
GreatSchools Rating
 

$837,000$1,023,000$930,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,431
Property Tax -$891
Property Insurance -$99
Property Management Fees -$129
CASH FLOW
-$1,120

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.

$930,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$252,200

INVESTMENT

$252,200

Down Payment
$232,500
Rehab Estimate
$5,750
Closing Costs
$13,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,500
Loan Amount $697,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,109

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
  • $3,048

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,995
$2,995
RENT COMPS ANALYSIS
  • 3726 Valley Vista Frk Bonita, CA 1
    • 3 beds 4 baths ∙ 2,849 Sqft ∙ Built 1981 3 beds 4 baths ∙ 2,849 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 495 Skyhill Court Chula Vista, CA 2
    • 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 1965
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
PROPERTY LISTING DETAILS
Doreen Smith
1.760.803.4708
Century 21 Award
BESbswy