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395 Compass Oceanside, CA 92054

3 Beds 2 Baths 1,356 sqft Built 1980

$625,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $460.91
  • 4 Days on Market
  • MLS # : 210001127
  • Updated Date : 01/15/2021 at 18:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,356 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

This warm and inviting one-story home is located in the popular Sea Mesa community of Oceanside. As you enter, you are greeted by high ceilings, a built-in shelving and a cozy fireplace that welcomes you home. The sizable white kitchen opens to your own sun room designed for morning breakfast, an office, kid's online school or anything you desire it to be. With three beds, newly updated baths, a great backyard and so close to the beach, this house is one that buyers will love. We're sure you will too.

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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: Loma Alta

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Loma Alta

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13242885

* 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
E. G. Garrison Elementary School Primary Regular 425 19 4
Lincoln Middle School Middle Regular 884 37 4
Oceanside High School High Regular 2,153 89 5

E. G. Garrison Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 19
4
GreatSchools Rating

Lincoln Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 37
4
GreatSchools Rating

Oceanside High School

  • Education Level: High
  • # of students: 2,153
  • # of teachers: 89
5
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,171
Property Tax -$576
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$227

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.

$625,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$33,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,868

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,710
1$2,7102$2,9953$3,000
$3,000
RENT COMPS ANALYSIS
  • 395 Compass Oceanside, CA 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $2.00
    •  
  • 123 Tropicana Drive Oceanside, CA 2
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1963
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.02
    •  
  • 428 Compass Oceanside, CA 3
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1984
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.21
    •  
PROPERTY LISTING DETAILS
Joy Guevara
1.619.300.3576
Big Block Realty, Inc.
BESbswy