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680 E Camden Ave El Cajon, CA 92020

3 Beds 1 Baths 1,188 sqft Built 1962

$575,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $484.01
  • 4 Days on Market
  • MLS # : 210006994
  • Updated Date : 03/18/2021 at 20:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,188 sqft
  • Baths : 1 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Welcome to your private resort-like retreat where you will feel like you are on vacation every day! This one-of-a-kind property boasts OWNED SOLAR and is fully remodeled inside and out! New kitchen (one year ago!) featuring quartz counters, white shaker cabinets, large center island, top end SS appliances and elegant backsplash! New bathroom (3 years ago!) with tiled flooring and custom shower enclosure! Beautiful laminate flooring throughout the home, central AC, ceiling fans, dual pane windows, recessed lighting, dedicated laundry room and more! Exterior space is set up for entertaining! Front yard fully enclosed with turf and mature landscaping! See supplement...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: El Cajon

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $170k594k

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

Neighborhood: El Cajon

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13462885

* 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
Anza Elementary School Primary Regular 590 24 3
Emerald Stem Magnet Middle School Middle Magnet 537 23 1
El Cajon Valley High School High Regular 1,720 80 4

Anza Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 24
3
GreatSchools Rating

Emerald Stem Magnet Middle School

  • Education Level: Middle
  • # of students: 537
  • # of teachers: 23
1
GreatSchools Rating

El Cajon Valley High School

  • Education Level: High
  • # of students: 1,720
  • # of teachers: 80
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,997
Property Tax -$584
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$387

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$575,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,728

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,380

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,661

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3803$2,4004$2,700
$2,700
RENT COMPS ANALYSIS
  • 680 E Camden Ave El Cajon, CA 2
    • 3 beds 1 baths ∙ 1,188 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,188 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $2.00
    •  
  • 701 Hillsview Road El Cajon, CA 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1952
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $2.10
    •  
  • 1378 Ivory Ct El Cajon, CA 3
    • 3 beds 2 baths ∙ 1,014 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,014 Sqft ∙ Built 1958
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.37
    •  
  • 404 Ballard El Cajon, CA 4
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.25
    •  
PROPERTY LISTING DETAILS
Matthew Simila
1.858.335.4571
Redfin Corporation
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006994
Last Updated: 03/18/2021
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