Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5062 Glen View Place Bonita, CA 91902

4 Beds 2 Baths 1,932 sqft Built 1968

$810,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $419.25
  • 6 Days on Market
  • MLS # : 210000635
  • Updated Date : 01/10/2021 at 00:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,932 sqft
  • Baths : 2 full
Listing Agent

Coronado Shores Company

Listing Agent's Description

Beautifully updated 4 bedroom home located in the highly desired neighborhood of Bonita! Prime location close to schools, shopping, the Chula Vista Golf Course and Rohr Park! Stunning granite kitchen counter tops, beautiful travertine flooring throughout with newer carpet in all bedrooms, two full updated bathrooms, separate classic dining room, bonus family room perfect for entertaining, RV parking and much more! This house is a must-see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$729,000$891,000$810,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,813
Property Tax -$865
Property Insurance -$76
Property Management Fees -$129
CASH FLOW
-$1,024

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.

$810,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.35%

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

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$220,400

INVESTMENT

$220,400

Down Payment
$202,500
Rehab Estimate
$5,750
Closing Costs
$12,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $202,500
Loan Amount $607,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,787

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
  • $2,859

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,7504$2,9755$3,100
$3,100
RENT COMPS ANALYSIS
  • 5062 Glen View Place Bonita, CA 1
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2336 Hampstead Way San Diego, CA 2
    • 4 beds 3 baths ∙ 1,771 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,771 Sqft ∙ Built 1981
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.47
    •  
  • 4505 Villas Drive Bonita, CA 3
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1987
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.48
    •  
  • 3624 Bonita Glen Ter Bonita, CA 4
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1970
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.52
    •  
  • 1085 Calle Escarpada Bonita, CA 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1964
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.45
    •  
PROPERTY LISTING DETAILS
Bryanna Wyllie
1.619.415.6390
Coronado Shores Company
BESbswy