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749 Via Cafetal San Marcos, CA 92069

5 Beds 3 Baths 2,910 sqft Built 2001

$875,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $300.69
  • 9 Days on Market
  • MLS # : 210002376
  • Updated Date : 01/29/2021 at 05:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,910 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ten X Realty

Listing Agent's Description

Welcome home to this beautiful and spacious detached 5 bedroom 3 bathroom single family house in the Santa Fe Hills of San Marcos. Enjoy this bright 2 story house with spacious backyard and plenty of lights throughout. This executive upgraded house is perfect for entertainment as you enjoy the high end kitchen countertops with upgraded appliances featuring a 6 burner gas stove. There's one bedroom and one full bathroom downstairs with oversized en-suite master bedrooms upstairs. See Supplements.

SEE MORE

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: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k599k

* 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
Paloma Elementary School Primary Regular 926 35 8
San Marcos Middle School Middle Regular 1,331 48 5
Mission Hills High School High Regular 2,530 91 8

Paloma Elementary School

  • Education Level: Primary
  • # of students: 926
  • # of teachers: 35
8
GreatSchools Rating

San Marcos Middle School

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

Mission Hills High School

  • Education Level: High
  • # of students: 2,530
  • # of teachers: 91
8
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,039
Property Tax -$1,026
Property Insurance -$100
Property Management Fees -$129
CASH FLOW
-$884

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.

$875,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,786

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
  • $3,856

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$4,100
$4,100
RENT COMPS ANALYSIS
  • 749 Via Cafetal San Marcos, CA 1
    • 5 beds 3 baths ∙ 2,910 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,910 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 708 Casita Lane San Marcos, CA 2
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.17
    •  
  • 566 Dundee Lane San Marcos, CA 3
    • 5 beds 3 baths ∙ 2,761 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,761 Sqft ∙ Built 2005
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.48
    •  
PROPERTY LISTING DETAILS
Ava Khamooshi
1.619.212.0856
Ten X Realty
BESbswy