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

518 Telford Ln Ramona, CA 92065

4 Beds 2 Baths 2,271 sqft Built 2002

$849,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $373.84
  • 8 Days on Market
  • MLS # : 210004565
  • Updated Date : 02/23/2021 at 22:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,271 sqft
  • Baths : 2 full
Listing Agent

Dolphin Realty

Listing Agent's Description

Incredibly private family fun compound! This you have to see to believe...beyond the 12' hedge. Family, friends, parties, weddings, lockdowns, ready for all ages. Quality built FunYard w/steel & solid concrete. 20' sports bar, huge 16 person Swim Spa, putting green, horseshoe pits, bbq island, firepit, huge outdoor living area built into privacy wall with fireplace and sat TV, dancefloor/stage area, charming older western building-ready for your creativity inside. 3 car garage, plus massive parking area with 42'x32' RV garage, covered boat parking, container lockers. No expense spared. Wow! This is ART!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Ramona

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $210k594k

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

Neighborhood: Ramona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13692885

* 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
Olive Peirce Middle School Middle Regular 847 33 6
Ramona High School High Regular 1,689 63 7

Olive Peirce Middle School

  • Education Level: Middle
  • # of students: 847
  • # of teachers: 33
6
GreatSchools Rating

Ramona High School

  • Education Level: High
  • # of students: 1,689
  • # of teachers: 63
7
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,949
Property Tax -$792
Property Insurance -$84
Property Management Fees -$129
CASH FLOW
-$1,115

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.

$849,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,731

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
  • $2,884

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,995
$2,995
RENT COMPS ANALYSIS
  • 518 Telford Ln Ramona, CA 1
    • 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1508 Sara Marie Pl Ramona, CA 2
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2007
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.27
    •  
PROPERTY LISTING DETAILS
Alan Hemphill
1.858.487.4750
Dolphin Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004565
Last Updated: 02/23/2021
BESbswy