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8416 Docena Dr Spring Valley, CA 91977

4 Beds 3 Baths 2,085 sqft Built 1979

$629,999

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $302.16
  • 3 Days on Market
  • MLS # : 210000571
  • Updated Date : 01/09/2021 at 02:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,085 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Beautifully remodeled family home! This spacious home offers four bedrooms and two and a half updated bathrooms. This home sits on a quiet cul-de-sac and has been renovated with new cabinets, quartz tops, SS appliances, and spill resistant laminate flooring. Backyard is perfect for entertaining and has freshly installed artificial turf. Other notable features are vaulted ceiling, new dual pane windows, central heat and AC! Centrally located to freeways and shopping centers.

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: 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
 

$566,999$692,999$629,999

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,188
Property Tax -$741
Property Insurance -$80
Property Management Fees -$129
CASH FLOW
-$438

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.

$629,999

PROJECTED PRICE

$2,700

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,499
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$16,796

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
  • $2,898

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,6504$3,400
$3,400
RENT COMPS ANALYSIS
  • 8416 Docena Dr Spring Valley, CA 1
    • 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2336 Hampstead Way San Diego, CA 2
    • 4 beds 3 baths ∙ 1,771 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,771 Sqft ∙ Built 1981
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.47
    •  
  • 6842 Alsacia St San Diego, CA 3
    • 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.28
    •  
  • 5435 Annie Laurie Ln Bonita, CA 4
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1979
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.42
    •  
PROPERTY LISTING DETAILS
Tony Phan
1.619.718.2913
Big Block Realty, Inc.
BESbswy