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411 Dos Cabazos Escondido, CA 92029

4 Beds 5 Baths 3,193 sqft Built 1990

$1,174,900

List Price

$4,340

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $367.96
  • 5 Days on Market
  • MLS # : 210007564
  • Updated Date : 03/24/2021 at 22:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,193 sqft
  • Baths : 4 full , 1 half
Listing Agent

One Percent Listing Group, Inc

Listing Agent's Description

BEAUTIFUL SOUTH ESCONDIDO HOME W/ MASTER SUITE ON THE FIRST FLOOR, PRIVATE POOL W/GREAT VIEWS, 3 CAR GARAGE & PAID OFF SOLAR SYSTEM INSTALLED IN 2020. JUST A SHORT WALK FROM LAKE HODGES HIKING & MOUNTAIN BIKING TRAILS! This is a large 4 bedroom home (w/ optional 5 bedroom/office), 4.5 bathrooms, 3193 sq ft on a gigantic 30,000+ sq ft lot. Tons of great features & upgrades: kitchen w/ white shaker cabinets, large island w/ gorgeous quartz countertops, light blue glass tile backsplash w/ high-end stainless steel appliances & a walk-in pantry. Master retreat is located on the first floor w/ a fireplace, large master bath w/ soak tub, glass enclosed shower, double sided vanity, large walk-in closet PLUS its own separate & private Trex composite deck! Upstairs you have 3 large bedrooms & 2 bathrooms (1 ensuite room/bathroom). Checkout the backyard w/ a separate & private inground pool (with waterfall), spa and great views. Lots of room for entertaining & maintenance free artificial grass in most of the usable backyard space. Several fruit trees & organic garden areas! Paid off solar system (6.526kW/$24,600 SolarTech system) for lower energy bills, large 3 car garage with a separate office/storage room, ready for your electric car with a 50Amp 220 volt plug! Newly installed 2 -Bryant Heating & AC systems & 2 Nest thermostats. Much of the home has LED lighting & is smart controlled via voice command or your phone, The pool amenities are also smart controlled...have the spa turned on while you are on your way home after a stressful day with your phone!

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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: Lake Hodges

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $226k901k

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

Neighborhood: Lake Hodges

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14344504

* 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
Bernardo Elementary School Primary Regular 567 24 8
Bear Valley Middle School Middle Regular 1,087 52 5
San Pasqual High School High Regular 2,237 93 7

Bernardo Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 24
8
GreatSchools Rating

Bear Valley Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 52
5
GreatSchools Rating

San Pasqual High School

  • Education Level: High
  • # of students: 2,237
  • # of teachers: 93
7
GreatSchools Rating
 

$1,057,410$1,292,390$1,174,900

PURCHASE PRICE

$3,906$4,774$4,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,340
EXPENSES Loan Payment -$4,081
Property Tax -$1,100
Property Insurance -$107
Property Management Fees -$129
CASH FLOW
-$1,078

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,174,900

PROJECTED PRICE

$4,340

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$317,099

INVESTMENT

$317,099

Down Payment
$293,725
Rehab Estimate
$5,750
Closing Costs
$17,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $293,725
Loan Amount $881,175
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$15,698

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,340

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $4,758

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$4,340
1$4,3402$4,400
$4,400
RENT COMPS ANALYSIS
  • 411 Dos Cabazos Escondido, CA 1
    • 4 beds 5 baths ∙ 3,193 Sqft ∙ Built 1990 4 beds 5 baths ∙ 3,193 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $4,340
    • $1.36
    •  
  • 3646 Purer Road Escondido, CA 2
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1989
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.49
    •  
PROPERTY LISTING DETAILS
Lj Woodard
1.619.794.9966
One Percent Listing Group, Inc
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007564
Last Updated: 03/24/2021
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