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4689 Rose Dr Oceanside, CA 92056

3 Beds 2 Baths 1,273 sqft Built 1987

$549,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $431.26
  • 3 Days on Market
  • MLS # : 200050948
  • Updated Date : 11/06/2020 at 18:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,273 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Light and bright single story home, located on LARGE LOT, in great Oceanside neighborhood, with new paint, flooring, and light fixtures. A spacious BONUS ROOM for office, family room, or potential 4th bedroom and a SUNROOM off of the living room. Cozy Fireplace in living room, on-suite bathroom in master, air conditioning, and large yard with TWO LARGE SHEDS for storage or hobbies. NEW ROOF! Rear yard has street access. Close to shops, restaurants, transportation. Easy drive to 5 or 78 fwys.

SEE MORE

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: Peacock

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $196k594k

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

Neighborhood: Peacock

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13002885

* 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
Temple Heights Elementary School Primary Regular 674 28 5
Roosevelt Middle School Middle Regular 1,103 47 2
Vista High School High Regular 2,567 121 6

Temple Heights Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 28
5
GreatSchools Rating

Roosevelt Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 47
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,026
Property Tax -$493
Property Insurance -$59
Property Management Fees -$129
CASH FLOW
-$336

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.

$549,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$25,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,5003$2,6004$2,695
$2,695
RENT COMPS ANALYSIS
  • 4689 Rose Dr Oceanside, CA 1
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.86
    •  
  • 226 Calle Del Sol Vista, CA 2
    • 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.81
    •  
  • 2336 Fallingleaf Road Oceanside, CA 3
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1985
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.27
    •  
  • 1137 Cochise Ct Vista, CA 4
    • 4 beds 3 baths ∙ 1,441 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,441 Sqft ∙ Built 1998
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.87
    •  
PROPERTY LISTING DETAILS
Tracy Moore
1.760.978.9725
Compass
BESbswy