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4074 Camino Paz Spring Valley, CA 91977

3 Beds 2 Baths 1,217 sqft Built 1950

$559,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $460.07
  • 2 Days on Market
  • MLS # : 200052758
  • Updated Date : 11/29/2020 at 05:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,217 sqft
  • Baths : 2 full
Listing Agent

United Real Estate San Diego

Listing Agent's Description

This conveniently located Northwest Spring Valley charmer sits on an expansive & usable .25 acre lot that offers tons of potential. Under long time family ownership some property features include; restored original hardwood floors, renovated bath and kitchen with stainless steel appliances & new cabinetry, professionally built master bedroom & bath expansion, specialty dual pane windows with retractable screens, deep 1 car garage, 3yr old roof and a Vivant Solar system, fully repainted interior and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Casa de Oro - Mount Helix

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $201k682k

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

Neighborhood: Casa de Oro - Mount Helix

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2140016001800200022002400260028003000Rent in $13613140

* 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
Glen E Murdock Elementary School Primary Regular 730 24 9
Glen E Murdock Elementary School Middle Regular 730 24 9
Monte Vista High School High Regular 1,657 76 7

Glen E Murdock Elementary School

  • Education Level: Primary
  • # of students: 730
  • # of teachers: 24
9
GreatSchools Rating

Glen E Murdock Elementary School

  • Education Level: Middle
  • # of students: 730
  • # of teachers: 24
9
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 76
7
GreatSchools Rating
 

$503,910$615,890$559,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$2,066
Property Tax -$600
Property Insurance -$58
Property Management Fees -$129
CASH FLOW
-$653

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.

$559,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

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-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,390

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
  • $2,637

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3004$2,750
$2,750
RENT COMPS ANALYSIS
  • 4074 Camino Paz Spring Valley, CA 1
    • 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8830 Fabienne Way La Mesa, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1963
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.92
    •  
  • 3418 Fairway Dr La Mesa, CA 3
    • 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1952
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.28
    •  
  • 8126 Fairview Ave. La Mesa, CA 4
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1969
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.30
    •  
PROPERTY LISTING DETAILS
Ryan Schuder
1.858.361.6095
United Real Estate San Diego
BESbswy