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649 Hillhaven Dr San Marcos, CA 92078

3 Beds 3 Baths 1,646 sqft Built 1998

$700,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $425.27
  • 5 Days on Market
  • MLS # : 210004792
  • Updated Date : 02/25/2021 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Realty West

Listing Agent's Description

Amazing home in a "hidden gem" of a neighborhood in San Marcos. This home is bright and airy with vaulted ceilings in the owner's bedroom, featuring an ensuite with dual sinks. Updated kitchen with stainless steel appliances, custom island, dolomitic marble counters and floor-to-ceiling tile back splash. From the kitchen, walk outside to the amazing backyard space with lush plants and overhead string lights to set the mood for enjoying Sunny San Diego! Loft area upstairs perfect for hanging out, reading, or getting some work done. Come view this wonderful home and see how you can instantly enjoy everything it and the community have to offer. California Showcase development has one way in and out, keeping traffic to a minimum . The association park is one street over with an ample grass field, basketball court, and a playground. Close to shopping like Target, Bressi Ranch, dining, and so much more. ( TO VIEW PHOTOS ON ZILLOW SCROLL DOWN TO "LISTED BY" AND CLICK ON "SPN" Zillow is having listing feed issues.

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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: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k636k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Alvin Dunn Elementary School Primary Regular 760 32 4
San Marcos Middle School Middle Regular 1,331 48 5
San Marcos High School High Regular 2,776 101 9

Alvin Dunn Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 32
4
GreatSchools Rating

San Marcos Middle School

  • Education Level: Middle
  • # of students: 1,331
  • # of teachers: 48
5
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,431
Property Tax -$686
Property Insurance -$69
HOA -$80
Property Management Fees -$129
CASH FLOW
-$385

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.

$700,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$26,967

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
  • $3,111

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7453$2,8004$2,8755$2,895
$2,895
RENT COMPS ANALYSIS
  • 649 Hillhaven Dr San Marcos, CA 1
    • 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6108 Citracado Cir Carlsbad, CA 2
    • 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 2001
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $1.90
    •  
  • 1646 Waterlily Way San Marcos, CA 3
    • 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 2014
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
  • 6095 Paseo Carreta Carlsbad, CA 4
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2000
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.80
    •  
  • 6540 Calle Valperizo Carlsbad, CA 5
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1983
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.93
    •  
PROPERTY LISTING DETAILS
Dustin Kircher
1.619.333.6135
Homesmart Realty West
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004792
Last Updated: 02/25/2021
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