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507 Sancado Ter 
Fallbrook, CA
92028
3 Beds 2 Baths 1,300 sqft
Built 1974
INVESTimate
$450,000
List Price
$125,000
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PROPERTY INFO
FACTS
- Built In 1974
- Price/Sqft : $346.15
- 1 Days on Market
- MLS # : 200041215
- Updated Date : 08/26/2020 at 06:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent
Exp Realty Of California, Inc
Listing Agent's Description
Updated great detached home. Make your move into this beautiful single story home. Bright and open floor plan with a family room that flows into a renovated kitchen. Save on utilities with solar, turf in the backyard, extended driveway and security system. Newly built shed and dog run for all your family needs! Contingent upon seller finding new home.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$408 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$217
|
||
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.
$450,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
4.92
YEARS SAVED
$26,024
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
-
$1,885
COMP ESTIMATED VALUE -
$1.45
COMP AVG. RENT PER SQFT
Comps Range
-
507 Sancado Ter Fallbrook, 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $0
- $0.00
-
329 N Pico #a Fallbrook, 2
- 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1974
LEASED 05/01/19- Rent
- Rent Per SQFT
- $2,100
- $1.45
PROPERTY LISTING DETAILS
1.760.622.9922
Exp Realty Of California, Inc
