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4057 Marvin St Oceanside, CA 92056

3 Beds 2 Baths 1,152 sqft Built 1968

INVESTimate

$549,000

List Price

$2,270

$2,043 - $2,497

Rent Est.

$584,740  ( +6.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $476.56
  • 5 Days on Market
  • MLS # : 200040816
  • Updated Date : 08/25/2020 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

Acropolis Enterprise Inc

Listing Agent's Description

3D (https://tinyurl.com/y4onuru6) Stunning fully renovated single story Oceanside home. 15 min drive to the beach. You're greeted with a spacious open floor plan with great natural light. Completely remodeled with a new kitchen, stainless steel appliances, new laminate flooring throughout, new bathrooms, dual pane vinyl windows, designer paint, and redone bathrooms. Big backyard perfect for entertaining.

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: Tri-City

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $184k594k

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

Neighborhood: Tri-City

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13002885

* 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
Grapevine Elementary School Primary Regular 634 28 5
Madison Middle School Middle Regular 1,164 51 5
Rancho Buena Vista High School High Regular 2,532 119 8

Grapevine Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 28
5
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 51
5
GreatSchools Rating

Rancho Buena Vista High School

  • Education Level: High
  • # of students: 2,532
  • # of teachers: 119
8
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,026
Property Tax -$493
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$433

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.

$549,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.51%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,768

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
  • $2,427

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,6004$2,600
$2,600
RENT COMPS ANALYSIS
  • 4057 Marvin St Oceanside, 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4167 Lewis Oceanside, 2
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1962
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.12
    •  
  • 3226 Mira Mesa Ave Oceanside, 3
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1977
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.93
    •  
  • 2336 Fallingleaf Road Oceanside, 4
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1985
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.27
    •  
PROPERTY LISTING DETAILS
Keaton English
1.858.866.4222
Acropolis Enterprise Inc
BESbswy