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4409 Point Degada 
Oceanside, CA
92058
4 Beds 3 Baths 2,200 sqft
Built 1984
INVESTimate
$640,000
List Price
$175,350
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $290.91
- 4 Days on Market
- MLS # : 200040870
- Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,200 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Of California Inc
Listing Agent's Description
Pride of ownership is on full display in this highly upgraded Oceanside Gem. In a centrally located picturesque neighborhood with low HOA dues. At 2200 SQFT. this 4 BD, 2.5 BA home offers a large manicured lot with green grass, a hardscaped entry way, and large covered patio. Large driveway for RV/trailer parking. Full Kitchen remodel with high end appliances. Upgrades include Dual Pane windows, crown molding throughout, ceiling fans, canned lighting, popcorn ceilings removed, see supplement for more....
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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: North Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$2,361 |
| Property Tax | -$597 | |
| Property Insurance | -$83 | |
| HOA | -$90 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$460
|
||
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.
$640,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,350
LOAN DETAILS
$2,361
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $160,000 |
| Loan Amount | $480,000 |
3.5
YEARS SAVED
$23,019
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
-
$2,992
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
-
4409 Point Degada Oceanside, 1
- 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
364 Spring Canyon Way Oceanside, 2
- 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2003
![property image]()
LEASED 03/07/19- Rent
- Rent Per SQFT
- $2,975
- $1.26
-
187 Plumosa St. Oceanside, 3
- 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 1999
![property image]()
LEASED 04/18/20- Rent
- Rent Per SQFT
- $3,000
- $1.35
-
3993 Aliento Way Oceanside, 4
- 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2004
![property image]()
LEASED 03/27/20- Rent
- Rent Per SQFT
- $3,250
- $1.47
PROPERTY LISTING DETAILS
1.937.474.4446
Exp Realty Of California Inc
