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5126 Wisteria Dr Oceanside, CA 92056

4 Beds 3 Baths 2,450 sqft Built 1998

$899,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $366.94
  • 9 Days on Market
  • MLS # : 210003259
  • Updated Date : 02/11/2021 at 06:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,450 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Amazing single level home in the Lovely community of Ridgeview at Ocean Hills! Superb curb appeal from the minute you drive up! This beauty features vaulted ceilings through out with lots of natural light. Very spacious floor plan with an open concept and plenty of room to entertain! The kitchen is updated with composite stone counter tops, an island, and plenty of room for storage! Backyard is charming with lush landscaping and at the highest peak of yard you can enjoy a peek a boo ocean view!

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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

Neighborhood: Ocean Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $217k840k

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

Neighborhood: Ocean Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14283384

* 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
Lake Elementary School Primary Regular 809 32 6
Madison Middle School Middle Regular 1,164 51 5
Rancho Buena Vista High School High Regular 2,532 119 8

Lake Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 32
6
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 51
5
GreatSchools Rating

Rancho Buena Vista High School

  • Education Level: High
  • # of students: 2,532
  • # of teachers: 119
8
GreatSchools Rating
 

$809,100$988,900$899,000

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 -$3,123
Property Tax -$797
Property Insurance -$89
HOA -$69
Property Management Fees -$129
CASH FLOW
-$877

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.

$899,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.1%
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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,652

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
  • $3,397

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8993$3,2004$3,300
$3,300
RENT COMPS ANALYSIS
  • 5126 Wisteria Dr Oceanside, CA 1
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1441 Genoa Vista, CA 2
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1989
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $1.30
    •  
  • 1918 Cherrywood St Vista, CA 3
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1989
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.39
    •  
  • 5060 Nighthawk Way Oceanside, CA 4
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1989
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
PROPERTY LISTING DETAILS
Melissa Storer
1.760.805.1220
Compass
BESbswy