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4537 Morro Bay St Oceanside, CA 92057

4 Beds 3 Baths 1,710 sqft Built 1986

$648,300

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $379.12
  • 17 Days on Market
  • MLS # : 200051272
  • Updated Date : 11/20/2020 at 16:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,710 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Desirable corner lot in a friendly Oceanside neighborhood! ***Entry level bedroom and a full bath. ***New furnace and air conditioning system. ***Whole house fan. ***Bright and open living area with vaulted beamed ceiling and great natural light. ***Newly renovated kitchen with gorgeous custom cabinets, stainless steel appliances, and large breakfast bar. ***Cozy family room with fireplace and large sliders leading outside. ***Spacious Master bedroom with recently remodeled ensuite... (See Supplement)

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $205k594k

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

Neighborhood: North Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14082885

* 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
Reynolds Elementary School Primary Regular 641 26 5
Martin Luther King Jr. Middle School Middle Regular 1,576 57 6
El Camino High School High Regular 3,076 114 8

Reynolds Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 26
5
GreatSchools Rating

Martin Luther King Jr. Middle School

  • Education Level: Middle
  • # of students: 1,576
  • # of teachers: 57
6
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 3,076
  • # of teachers: 114
8
GreatSchools Rating
 

$583,470$713,130$648,300

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,392
Property Tax -$604
Property Insurance -$70
Property Management Fees -$129
CASH FLOW
-$416

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.

$648,300

PROJECTED PRICE

$2,780

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$177,550

INVESTMENT

$177,550

Down Payment
$162,075
Rehab Estimate
$5,750
Closing Costs
$9,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,392

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,075
Loan Amount $486,225
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$27,849

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
  • $3,004

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,5954$2,830
$2,830
RENT COMPS ANALYSIS
  • 4537 Morro Bay St Oceanside, CA 1
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4030 Craven Rd #26 Oceanside, CA 2
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.82
    •  
  • 3968 Cadena Dr Oceanside, CA 3
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2001
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.73
    •  
  • 4524 Morro Bay St. Oceanside, CA 4
    • 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1986
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.72
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc.
BESbswy