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3969 Country Trl Bonita, CA 91902

4 Beds 3 Baths 2,423 sqft Built 1977

$790,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $326.04
  • 4 Days on Market
  • MLS # : 200053733
  • Updated Date : 12/12/2020 at 07:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,423 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Welcome to your new home. The Spanish style entry & bubbling fountain welcomes you to a meticulous living space complete with bonus room & wide open entry to your big backyard. It is the perfect home retreat with the space you need & the comfort you desire. Minutes from San Miguel Ranch, this home has it all.

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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
Sunnyside Elementary School Primary Regular 460 21 8
Sunnyside Elementary School Middle Regular 460 21 8
Bonita Vista High School High Regular 2,487 88 8

Sunnyside Elementary School

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 21
8
GreatSchools Rating

Sunnyside Elementary School

  • Education Level: Middle
  • # of students: 460
  • # of teachers: 21
8
GreatSchools Rating

Bonita Vista High School

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

$711,000$869,000$790,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,915
Property Tax -$837
Property Insurance -$88
HOA -$35
Property Management Fees -$129
CASH FLOW
-$824

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.

$790,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

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

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$215,100

INVESTMENT

$215,100

Down Payment
$197,500
Rehab Estimate
$5,750
Closing Costs
$11,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,500
Loan Amount $592,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,895

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
  • $3,271

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,2004$3,4005$3,495
$3,495
RENT COMPS ANALYSIS
  • 3969 Country Trl Bonita, CA 1
    • 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5945 Pathfinder Way Bonita, CA 2
    • 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1978
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.32
    •  
  • 523 Trailridge Dr Bonita, CA 3
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1988
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
  • 5435 Annie Laurie Ln Bonita, CA 4
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.42
    •  
  • 4053 Timrick Lane Bonita, CA 5
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1989
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.40
    •  
PROPERTY LISTING DETAILS
Hanna Bederson
1.619.433.4103
Active Realty
BESbswy