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443 Sequoia Ct Chula Vista, CA 91911

4 Beds 3 Baths 2,007 sqft Built 1967

$649,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $323.37
  • 5 Days on Market
  • MLS # : 200050289
  • Updated Date : 10/30/2020 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Welcome home! 4 bedroom 2.5 bathroom on quiet cul-de-sac. Open floor concept with plenty of natural light and skylight. New wood like laminate flooring and new carpet. Spacious kitchen with plenty of storage and counter space. Custom American made wood cabinets. Private master suite upstairs with walk in closet, dual sinks in bathroom, and balcony. Yard has plenty of shade and great for entertaining or BBQing. Close to Valle Lindo Park, 805 freeway, shopping, and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Robinhood - Bon Vivant

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $182k594k

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

Neighborhood: Robinhood - Bon Vivant

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13852926

* 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
Valle Lindo Elementary School Primary Regular 527 23 7
Valle Lindo Elementary School Middle Regular 527 23 7
Castle Park High School High Regular 1,474 60 4

Valle Lindo Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 23
7
GreatSchools Rating

Valle Lindo Elementary School

  • Education Level: Middle
  • # of students: 527
  • # of teachers: 23
7
GreatSchools Rating

Castle Park High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 60
4
GreatSchools Rating
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,395
Property Tax -$618
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$289

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.

$649,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 9.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$39,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7503$2,9004$2,930
$2,930
RENT COMPS ANALYSIS
  • 443 Sequoia Ct Chula Vista, CA 4
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.46
    •  
  • 1485 Hilltop Dr Chula Vista, CA 1
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1967
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.40
    •  
  • 3678 Plumbago Ln San Diego, CA 2
    • 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1971
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.55
    •  
  • 431 Sparrow Chula Vista, CA 3
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.44
    •  
PROPERTY LISTING DETAILS
Erick Gydesen
1.858.430.8200
Big Block Realty, Inc.
BESbswy