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5614 Chincoteague Ct 
Oceanside, CA
92057
5 Beds 4 Baths 3,855 sqft
Built 2013
INVESTimate
$989,999
List Price
$268,100
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $256.81
- 45 Days on Market
- MLS # : 200033055
- Updated Date : 08/25/2020 at 21:47
CONSTRUCTION
- Beds : 5
- Floor Size : 3,855 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart Realty West
Listing Agent's Description
Oceanside Estate features: 3800 sqft, .32 lot, 5 BR, 3.5 BA, Pool Size Lot w/Enormous Patio to Open Valley Views. LL: BR w/Full BA, Private Office, Den, Formal DR & LR, Gourmet Kitchen Open to Large Family Great Room, Elegant Acacia Wood flooring. UL: Media/Office,Laundry Room, Large MBR/MBA w/ His&Hers Walk In Closets. Walking Trails Surround this Beautiful Estate & Community. Adjacent to MVHS! All information is deemed accurate but not guaranteed. Buyer&Buyers Agent to Verify before COE! MUST SEE!
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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
Neighborhood: Guajome
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Guajome
* 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 | $3,710 |
| EXPENSES | Loan Payment | -$3,653 |
| Property Tax | -$875 | |
| Property Insurance | -$124 | |
| HOA | -$129 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,200
|
||
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.
$989,999
PROJECTED PRICE
$3,710
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$268,100
LOAN DETAILS
$3,653
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $247,500 |
| Loan Amount | $742,499 |
1.33
YEARS SAVED
$7,113
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,710
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$3,855
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
5614 Chincoteague Ct Oceanside, 1
- 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $3,710
- $0.96
-
1097 Meridian Ct Oceanside, 2
- 6 beds 5 baths ∙ 3,840 Sqft ∙ Built 2005 6 beds 5 baths ∙ 3,840 Sqft ∙ Built 2005
![property image]()
LEASED 03/12/20- Rent
- Rent Per SQFT
- $3,850
- $1.00
PROPERTY LISTING DETAILS
1.760.814.0308
Homesmart Realty West
