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4898 Lake Park Place Fallbrook, CA 92028

4 Beds 2 Baths 1,710 sqft Built 1997

INVESTimate

$525,000

List Price

$2,450

$2,205 - $2,695

Rent Est.

$557,445  ( +6.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $307.02
  • 8 Days on Market
  • MLS # : 200040172
  • Updated Date : 08/21/2020 at 21:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Cr Properties Real Estate

Listing Agent's Description

Rarely available single story cul-de-sac home surrounded by a green belt. Light & Airy with vaulted ceilings. Master has large walk-in closet, dual sinks, separate bath & shower. Kitchen open to family rm with FP. Separate living room & dining area. Laundry rm. Upgrades include a Newer Fence, Furnace approximately 2 years old & Solar. Desirable Bonsall School District. Community pool, tennis courts, playgrounds & walking trails. Low HOA, No Mello Roos. Minutes to Hwy 76 & I-15. Close to Camp Pendleton.

SEE MORE

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

Zip Code: 92028

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Zip Code: 92028

ZipNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14542885

* 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
Bonsall Elementary School Primary Regular 985 7
Norm Sullivan Middle School Middle Regular 579 7
Bonsall High School High Regular 63 6 3

Bonsall Elementary School

  • Education Level: Primary
  • # of students: 985
  • # of teachers:
7
GreatSchools Rating

Norm Sullivan Middle School

  • Education Level: Middle
  • # of students: 579
  • # of teachers:
7
GreatSchools Rating

Bonsall High School

  • Education Level: High
  • # of students: 63
  • # of teachers: 6
3
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,937
Property Tax -$470
Property Insurance -$70
HOA -$105
Property Management Fees -$129
CASH FLOW
-$261

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.

$525,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.18%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$28,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,497

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,450
$2,450
RENT COMPS ANALYSIS
  • 4898 Lake Park Place Fallbrook, 2
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.43
    •  
  • 4849 Lake Shore Place Fallbrook, 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.46
    •  
PROPERTY LISTING DETAILS
Jane Kepley
1.760.622.0204
Cr Properties Real Estate
BESbswy