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754 Brockton St El Cajon, CA 92020

4 Beds 2 Baths 1,712 sqft Built 1953

INVESTimate

$729,000

List Price

$2,950

$2,700 - $3,200

Rent Est.

$772,448  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $425.82
  • 6 Days on Market
  • MLS # : 200040471
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautifully redone Fletcher Hills stunner on an oversized lot. This home has been tastefully remodeled and immaculately cared for. No expense spared including a new roof with Energy Star shingles and a 20-year warranty. New water heater, new windows, new ductwork, and vinyl fencing around the property. Contemporary finishes throughout the home and highlighted in the kitchen with Quartz countertops, white cabinetry, & stainless steel smart Samsung refrigerator.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Zip Code: 92020

ZipNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Zip Code: 92020

ZipNIR 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
Fletcher Hills Elementary School Primary Regular 684 24 9
Fletcher Hills Elementary School Middle Regular 684 24 9
West Hills High School High Regular 1,958 73 8

Fletcher Hills Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 24
9
GreatSchools Rating

Fletcher Hills Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 24
9
GreatSchools Rating

West Hills High School

  • Education Level: High
  • # of students: 1,958
  • # of teachers: 73
8
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,690
Property Tax -$701
Property Insurance -$70
Property Management Fees -$129
CASH FLOW
-$640

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.

$729,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 5.96%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$17,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,364

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$3,000
$3,000
RENT COMPS ANALYSIS
  • 754 Brockton St El Cajon, 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.72
    •  
  • 7260 Cowles Mountain Blvd. San Diego, 1
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1966
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.80
    •  
  • 727 Live Oak El Cajon, 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952
    LEASED 03/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.13
    •  
PROPERTY LISTING DETAILS
Katie Gilbert
1.858.228.6021
Redfin Corporation
BESbswy