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3943 San Pablo Ave Oceanside, CA 92057

2 Beds 2 Baths 908 sqft Built 1983

INVESTimate

$375,000

List Price

$1,630

$1,467 - $1,793

Rent Est.

$404,963  ( +7.99%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $413.00
  • 22 Days on Market
  • MLS # : 200037319
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 908 sqft
  • Baths : 2 full
Listing Agent

The Lund Team, Inc

Listing Agent's Description

Great opportunity in the popular 55+ senior community of Rancho Hermosa. PANORAMIC area views. First time on the market in decades! Premium view lot with flat and deep backyard. Feels detached, you own the land. Single story living with 2 bedrooms, 2 baths, formal living and dining rooms, and attached garage. Inviting covered patio with tranquil views looking south. Private location with no immediate rear neighbors. Low-maintenance yard. Low HOA fees. Quiet street with no through traffic. No Mello-Roos!

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: Oceana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $136k594k

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

Neighborhood: Oceana

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21000120014001600180020002200240026002800Rent in $9992885

* 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
San Luis Rey Elementary School Primary Regular 382 16 1
Martin Luther King Jr. Middle School Middle Regular 1,576 57 6
El Camino High School High Regular 3,076 114 8

San Luis Rey Elementary School

  • Education Level: Primary
  • # of students: 382
  • # of teachers: 16
1
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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,467$1,793$1,630

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,384
Property Tax -$346
Property Insurance -$50
HOA -$120
Property Management Fees -$129
CASH FLOW
-$398

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.99%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,128

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,630

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,8953$1,9754$2,300
$2,300
RENT COMPS ANALYSIS
  • 3943 San Pablo Ave Oceanside, 1
    • 2 beds 2 baths ∙ 908 Sqft ∙ Built 1983 2 beds 2 baths ∙ 908 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.80
    •  
  • 3731 Bay Leaf Way Oceanside, 2
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1975
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.80
    •  
  • 4220 La Pinata Way #234 Oceanside, 3
    • 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1987
    LEASED 02/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.71
    •  
  • 4232 Vista Panorama Way #221 Oceanside, 4
    • 2 beds 3 baths ∙ 1,224 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,224 Sqft ∙ Built 1986
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.88
    •  
PROPERTY LISTING DETAILS
Garrett Lund
1.760.438.0800
The Lund Team, Inc
BESbswy