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4944 Golfglen Bonita, CA 91902

4 Beds 3 Baths 2,675 sqft Built 1973

$830,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $310.28
  • 2 Days on Market
  • MLS # : 200052757
  • Updated Date : 11/29/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,675 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rising Sun Mortgage / Realty

Listing Agent's Description

Beautiful single story open concept ranch style home custom built by Corky McMillin. Large flat ½ acre lot ready for a pool and/or tennis court and walking distance to all community amenities; schools, golfing, parks, shopping and restaurants. The family room features a vaulted ceiling with exposed beams and a two-way fireplace that flows into the living room. Great for family gatherings and entertaining. Easily upgradable and ready to become your forever home!

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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

Zip Code: 91902

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $240k746k

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

Zip Code: 91902

ZipNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15943384

* 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
Sunnyside Elementary School Primary Regular 460 21 8
Sunnyside Elementary School Middle Regular 460 21 8
Bonita Vista High School High Regular 2,487 88 8

Sunnyside Elementary School

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 21
8
GreatSchools Rating

Sunnyside Elementary School

  • Education Level: Middle
  • # of students: 460
  • # of teachers: 21
8
GreatSchools Rating

Bonita Vista High School

  • Education Level: High
  • # of students: 2,487
  • # of teachers: 88
8
GreatSchools Rating
 

$747,000$913,000$830,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,062
Property Tax -$849
Property Insurance -$94
Property Management Fees -$129
CASH FLOW
-$805

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$830,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$15k-$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$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,831

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
  • $3,651

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3004$3,4005$3,495
$3,495
RENT COMPS ANALYSIS
  • 4944 Golfglen Bonita, CA 1
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5945 Pathfinder Way Bonita, CA 2
    • 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1978
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.32
    •  
  • 3726 Bonita Glen Terrace Bonita, CA 3
    • 5 beds 2 baths ∙ 2,499 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,499 Sqft ∙ Built 1970
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.32
    •  
  • 5435 Annie Laurie Ln Bonita, CA 4
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.42
    •  
  • 4053 Timrick Lane Bonita, CA 5
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1989
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.40
    •  
PROPERTY LISTING DETAILS
James Vo
1.858.610.5157
Rising Sun Mortgage / Realty
BESbswy