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831 Inglewood Ct Vista, CA 92084

3 Beds 3 Baths 1,326 sqft Built 1995

$475,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $358.22
  • 6 Days on Market
  • MLS # : 200052522
  • Updated Date : 11/29/2020 at 01:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,326 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Award

Listing Agent's Description

Why rent!? ‘Move-in’ ready 3BR/2BA single-story floor plan in desirable Vista! Built in 1995. Home features a remodeled kitchen w/ wood shaker cabinets, all stainless-steel appliances w/ gas range oven w/ brand-new refrigerator, upgraded granite slab countertops w/ large kitchen sitting bar, all newer updated hardware & more. Recessed lighting throughout. Open floor-plan between the kitchen/ dining/ living rooms. Upgraded Low-E windows & slider throughout. Full-size indoor laundry room...

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13382885

* 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
Bobier Elementary School Primary Regular 671 26 4
Rancho Minerva Middle School Middle Regular 835 43 2
Vista High School High Regular 2,567 121 6

Bobier Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 26
4
GreatSchools Rating

Rancho Minerva Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 43
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,753
Property Tax -$530
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$243

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.

$475,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$24,992

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
  • $2,267

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,650
$2,650
RENT COMPS ANALYSIS
  • 831 Inglewood Ct Vista, CA 1
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 226 Calle Del Sol Vista, CA 2
    • 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,378 Sqft ∙ Built 2006
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.81
    •  
  • 933 Granada Oceanside, CA 3
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1980
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.61
    •  
PROPERTY LISTING DETAILS
Todd Romano
1.619.654.3318
Century 21 Award
BESbswy