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5024 Calle Arquero Oceanside, CA 92057

5 Beds 4 Baths 3,352 sqft Built 2007

INVESTimate

$789,000

List Price

$3,400

$3,150 - $3,650

Rent Est.

$842,810  ( +6.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $235.38
  • 4 Days on Market
  • MLS # : 200040848
  • Updated Date : 08/24/2020 at 02:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,352 sqft
  • Baths : 4 full
Listing Agent

Wheeler Real Estate

Listing Agent's Description

This fine home boasts over 3350 sf living space with 5 bedrooms/4 Full bathrooms. Enormous kitchen with center island. huge Family room. Two garages can house three vehicles, 2 more in the driveway. One bedroom Downstairs, four more bedrooms upstairs, plus a bonus room. Exterior of the house just painted with high quality paint. All the bathrooms have been upgraded with granite counter tops. New hardwood floors and carpet, Highly acclaimed Arrowood Golf Course nearby.

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

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
Bonsall West Elementary School Primary Regular 559 8
Norm Sullivan Middle School Middle Regular 579 7
Bonsall High School High Regular 63 6 3

Bonsall West Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers:
8
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
 

$710,100$867,900$789,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,911
Property Tax -$713
Property Insurance -$111
HOA -$101
Property Management Fees -$129
CASH FLOW
-$566

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.

$789,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.82%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$28,323

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
  • $3,469

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,275
$3,275
RENT COMPS ANALYSIS
  • 5024 Calle Arquero Oceanside, 1
    • 5 beds 4 baths ∙ 3,352 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,352 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1156 Bellingham Dr Oceanside, 2
    • 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2014
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.05
    •  
  • 1208 Players Dr Oceanside, 3
    • 4 beds 4 baths ∙ 3,203 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,203 Sqft ∙ Built 2008
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.02
    •  
PROPERTY LISTING DETAILS
Logan Wheeler
1.858.859.9222
Wheeler Real Estate
BESbswy