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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $421.05
- 4 Days on Market
- MLS # : 210001154
- Updated Date : 01/15/2021 at 19:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,330 sqft
- Baths : 2 full
Listing Agent
Big Block Realty, Inc.
Listing Agent's Description
Darling single level 3bd/2ba home on a large, unique, private lot with a long drive way (RV!). Home is set back from the others on the street. A ton of yard space front and back, fully fenced and ready for your own beautiful landscape. The home has an open floor plan with a lot of light. Spacious kitchen with breakfast nook. New paint throughout. Indoor laundry room. Pitched ceilings throughout.Great home with loads of potential to add your personal touch. Close to Dixon Lake, schools, parks and shopping.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: East Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,945 |
| Property Tax | -$534 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$348
|
||
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.
$560,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$154,150
LOAN DETAILS
$1,945
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
3.67
YEARS SAVED
$18,855
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,128
COMP ESTIMATED VALUE -
$1.6
COMP AVG. RENT PER SQFT
Comps Range
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- $2,250
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1440 Timber Gln Escondido, CA 4
- 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1989
LEASED 10/06/19- Rent
- Rent Per SQFT
- $2,350
- $1.74
PROPERTY LISTING DETAILS
1.704.728.4428
Big Block Realty, Inc.
