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3975 La Cresta Bonita, CA 91902

5 Beds 6 Baths 4,506 sqft Built 1997

INVESTimate

$1,250,000

List Price

$5,310

$5,060 - $5,560

Rent Est.

$1,320,750  ( +5.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $277.41
  • 6 Days on Market
  • MLS # : 200040617
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,506 sqft
  • Baths : 5 full , 1 half
Listing Agent

Century 21 Award

Listing Agent's Description

GREAT VALUE! Large, custom home in Bonita's most exclusive area. 11' ceilings throughout, large room sizes, lots of windows for natural light. Chef's kitchen with lots of prep and storage space plus high-end appliances. Large living room easily accommodates entertaining or family gatherings. Every bedroom has its own bathroom. Wrap around deck with covered seating area and grill overlooks rear yard with many producing fruit and nut trees. Parklike views from most rooms. Solar system owned.

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

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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$4,779$5,841$5,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,310
EXPENSES Loan Payment -$4,612
Property Tax -$1,251
Property Insurance -$140
Property Management Fees -$129
CASH FLOW
-$823

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.

$1,250,000

PROJECTED PRICE

$5,310

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.66%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$46,664

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
  • $6,263

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,000
$6,000
RENT COMPS ANALYSIS
  • 3975 La Cresta Bonita, 1
    • 5 beds 6 baths ∙ 4,506 Sqft ∙ Built 1997 5 beds 6 baths ∙ 4,506 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 402 Milagrosa Circle Chula Vista, 2
    • 5 beds 5 baths ∙ 4,325 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,325 Sqft ∙ Built 2000
    LEASED 04/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Dennis Ryan
1.619.992.6732
Century 21 Award
BESbswy