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448 Satinwood Way Chula Vista, CA 91911

5 Beds 2 Baths 1,611 sqft Built 1966

$679,900

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $422.04
  • 6 Days on Market
  • MLS # : 210001536
  • Updated Date : 01/21/2021 at 17:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,611 sqft
  • Baths : 2 full
Listing Agent

Zeal Property Group

Listing Agent's Description

Beautiful home in a private cu-de-sac with western views to the mountains and city lights. The main level has oak color engineer hardwood floor and has a spacious living room that opens up to the lush backyard. On the main floor, there are 3 bedrooms and 1 full bath. Through the garage, there is sliding door that will take you to two bedrooms and a full bathroom. This setup is perfect for a home office, visitors and family that is staying. The two upstairs bedrooms have their own entrance/exit.

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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: 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
 

$611,910$747,890$679,900

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,362
Property Tax -$647
Property Insurance -$68
Property Management Fees -$129
CASH FLOW
-$76

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.

$679,900

PROJECTED PRICE

$3,130

PROJECTED RENT

0.46%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$185,924

INVESTMENT

$185,924

Down Payment
$169,975
Rehab Estimate
$5,750
Closing Costs
$10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,975
Loan Amount $509,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$54,267

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
  • $3,335

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,100
$3,100
RENT COMPS ANALYSIS
  • 448 Satinwood Way Chula Vista, CA 1
    • 5 beds 2 baths ∙ 1,611 Sqft ∙ Built 1966 5 beds 2 baths ∙ 1,611 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1576 Larkhaven Dr. Chula Vista, CA 2
    • 4 beds 2 baths ∙ 1,395 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,395 Sqft ∙ Built 1970
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.04
    •  
  • 1610 Myra Court Chula Vista, CA 3
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1970
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.10
    •  
PROPERTY LISTING DETAILS
Hannah Kuhami
1.619.419.6517
Zeal Property Group
BESbswy