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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $326.24
- 2 Days on Market
- MLS # : 210004505
- Updated Date : 02/21/2021 at 01:38
CONSTRUCTION
- Beds : 6
- Floor Size : 4,291 sqft
- Baths : 5 full , 1 half
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
Custom Stone Archway leads to this majestic highly upgraded 6bd, 5.5ba spectacular home. Distressed wood flrs, plantation shutters ,FP/FM. Chefs Amazing kitchen, walk in pantry, granite, 2 dishwasher & ref/wood panel, limestone flrs in kitchen. Lge MBR, custom built in dressers, walk in closet. Custom storage in attic. Bd & BA downstairs. Detached Casita w/ travertine Versailles pattern tile. Private yard with sensational pool. Epoxy fls in 3 car garage.
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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: Bella Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bella Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,800 |
| EXPENSES | Loan Payment | -$4,862 |
| Property Tax | -$1,620 | |
| Property Insurance | -$135 | |
| HOA | -$137 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,083
|
||
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.
$1,399,900
PROJECTED PRICE
$5,800
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| 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
$376,724
LOAN DETAILS
$4,862
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $349,975 |
| Loan Amount | $1,049,925 |
2.5
YEARS SAVED
$27,040
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
-
$5,686
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
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624 Via Porlezza Chula Vista, CA 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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2929 Butterfly Way Chula Vista, CA 2
- 6 beds 6 baths ∙ 4,242 Sqft ∙ Built 2013 6 beds 6 baths ∙ 4,242 Sqft ∙ Built 2013
LEASED 02/03/21- Rent
- Rent Per SQFT
- $4,950
- $1.17
-
1031 Mountain Ash Ave. Chula Vista, CA 3
- 5 beds 5 baths ∙ 4,057 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,057 Sqft ∙ Built 2005
LEASED 02/03/20- Rent
- Rent Per SQFT
- $5,999
- $1.48
PROPERTY LISTING DETAILS
1.619.865.1300
Berkshire Hathaway Homeservice
MLS #: 210004505
Last Updated: 02/21/2021
