Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $523.38
- 3 Days on Market
- MLS # : 210004417
- Updated Date : 02/19/2021 at 22:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,108 sqft
- Baths : 2 full
Listing Agent
First Team Real Estate
Listing Agent's Description
Beautiful 3 bedroom 2 bathroom ready to move-in!!! The home features an updated kitchen. Kitchen has new white cabinets, quartz counter tops, stainless steel appliances and fixtures. Other upgrades include new laminate flooring in living room, bathrooms and kitchen, new carpeted bedrooms, freshly painted exterior and interior. Upgraded bathrooms with new vanities, tile tub surround and tile floors. Large private backyard and 2 car garage with pass through.
SEE MORE
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: Tri-City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tri-City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,014 |
| Property Tax | -$520 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$158
|
||
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.
$579,900
PROJECTED PRICE
$2,560
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| 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
$159,424
LOAN DETAILS
$2,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,975 |
| Loan Amount | $434,925 |
5.58
YEARS SAVED
$36,141
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
-
$2,615
COMP ESTIMATED VALUE -
$2.36
COMP AVG. RENT PER SQFT
Comps Range
-
4104 Jonathon St. Oceanside, CA 1
- 3 beds 2 baths ∙ 1,108 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,108 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4167 Lewis Oceanside, CA 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
-
2847 Emerald Dr Oceanside, CA 3
- 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1962
LEASED 09/02/20- Rent
- Rent Per SQFT
- $2,700
- $2.60
PROPERTY LISTING DETAILS
1.310.948.5755
First Team Real Estate
MLS #: 210004417
Last Updated: 02/19/2021
