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729 Osage St. Spring Valley, CA 91977

3 Beds 2 Baths 1,647 sqft Built 1960

$549,900

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $333.88
  • 30 Days on Market
  • MLS # : 200049026
  • Updated Date : 11/14/2020 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,647 sqft
  • Baths : 2 full
Listing Agent

Four Seasons Properties

Listing Agent's Description

BEAUTIFUL REMODELED (2018) HOME IN A GREAT LOCATION OF SPRING VALLEY. A GREAT ROOM AFFECT WITH A LARGE OPEN FLOOR PLAN WITH A LARGE LIVING ROOM, DINING ROOM AND FAMILY ROOM ALL OPEN AROUND THE KITCHEN. THE FLOORPLAN FLOWS WITH AN OPEN FEELING. A LARGE EXTRA ROOM BEHIND GARAGE CAN BE USED WITH SEVERAL OPTIONS. VERY LARGE SPACIOUS BACKYARD ELEVATED FROM BACK NEIGHBOR. 2 SKYLITES BRING IN NATURAL LIGHT TO LIVING AND FAMILY ROOMS AND BATH. NEWER INTERIOR, NEW ROOF, NEWER DUAL PAYNE VINYL WINDOWS & MORE.

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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: La Presa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: La Presa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542885

* 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
Rancho Elementary School Primary Regular 429 15 5
Rancho Elementary School Middle Regular 429 15 5
Mount Miguel High School High Regular 1,483 68 4

Rancho Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 15
5
GreatSchools Rating

Rancho Elementary School

  • Education Level: Middle
  • # of students: 429
  • # of teachers: 15
5
GreatSchools Rating

Mount Miguel High School

  • Education Level: High
  • # of students: 1,483
  • # of teachers: 68
4
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,029
Property Tax -$600
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$306

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.

$549,900

PROJECTED PRICE

$2,520

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.6%
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$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$26,698

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
  • $2,792

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,000
$3,000
RENT COMPS ANALYSIS
  • 729 Osage St. Spring Valley, CA 1
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 839 Galopago Spring Valley, CA 2
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.72
    •  
  • 110 Sears Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1969
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.67
    •  
PROPERTY LISTING DETAILS
Dave Stauffer
1.619.672.0265
Four Seasons Properties
BESbswy