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4018 Calmoor St. National City, CA 91950

5 Beds 4 Baths 2,471 sqft Built 1977

INVESTimate

$699,000

List Price

$3,070

$2,820 - $3,320

Rent Est.

$768,690  ( +9.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $282.88
  • 6 Days on Market
  • MLS # : 200040513
  • Updated Date : 08/26/2020 at 06:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,471 sqft
  • Baths : 3 full , 1 half
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

RARE floorplan 5 bed 3.5 bath home w/ 2 car garage, newly remodeled floors, private balcony,whole house fan & ceiling fans, spacious open floor plan w/ vaulted ceilings, upgraded kitchen, stainless steel appliances. More upgrades which cost around $35k. Dual master suites w/ 1 located on 1st floor ideal for in-laws, or multi-generational families. Lemon trees,NO HOA's, NO mello-roos. Great location! Close to Rohr Park, Plaza Bonita, easy access to 54, 805 & 5 freeways... (see supplement for more info)

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: National City

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $175k594k

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

Neighborhood: National City

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12622885

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,763$3,377$3,070

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,579
Property Tax -$711
Property Insurance -$89
Property Management Fees -$129
CASH FLOW
-$439

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.

$699,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 9.97%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$29,476

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
  • $3,212

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,0404$3,500
$3,500
RENT COMPS ANALYSIS
  • 4018 Calmoor St. National City, 1
    • 5 beds 4 baths ∙ 2,471 Sqft ∙ Built 1977 5 beds 4 baths ∙ 2,471 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 225 Surrey Drive Bonita, 2
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1975
    property image
    LEASED 02/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.21
    •  
  • 1085 Calle Escarpada Bonita, 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1964
    property image
    LEASED 03/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.43
    •  
  • 586 Parkside Dr Chula Vista, 4
    • 5 beds 4 baths ∙ 2,769 Sqft ∙ Built 1992 5 beds 4 baths ∙ 2,769 Sqft ∙ Built 1992
    property image
    LEASED 03/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.26
    •  
PROPERTY LISTING DETAILS
Gayle Montisano
1.619.962.7575
Big Block Realty, Inc.
BESbswy