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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $353.54
- 3 Days on Market
- MLS # : 210004527
- Updated Date : 02/21/2021 at 05:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,516 sqft
- Baths : 3 full
Listing Agent
Windermere Homes & Estates
Listing Agent's Description
Wonderful view home in Sonata on nearly 10,000 SF cul-de-sac lot. Tasteful updates throughout enhance this split level home. Two bedrooms & baths on the main floor, including master. The kitchen features a large granite island, upgraded appliances, including a 5-burner gas range and double oven. Peaceful lviews to San Pasqual Valley from most rooms, deck and the backyard paradise with saltwater pool and spa. Near public golf course, Westfield mall, parks, hiking trails, wineries, and Lake Hodges.
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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: Kit Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kit Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,380 |
| EXPENSES | Loan Payment | -$3,090 |
| Property Tax | -$835 | |
| Property Insurance | -$90 | |
| HOA | -$133 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$897
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$889,500
PROJECTED PRICE
$3,380
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$241,468
LOAN DETAILS
$3,090
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $222,375 |
| Loan Amount | $667,125 |
1.67
YEARS SAVED
$9,223
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,183
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
4029 Vortex Pl Escondido, CA 1
- 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3610 Zermatt Lane Escondido, CA 2
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1977
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $3,150
- $1.15
-
3230 Via Zamora Escondido, CA 3
- 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 1998
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $3,875
- $1.38
PROPERTY LISTING DETAILS
1.858.613.9484
Windermere Homes & Estates
MLS #: 210004527
Last Updated: 02/21/2021
