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848 Denise Ln 
El Cajon, CA
92020
3 Beds 2 Baths 1,232 sqft
Built 1959
INVESTimate
$525,000
List Price
$144,875
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PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $426.14
- 3 Days on Market
- MLS # : 200040965
- Updated Date : 08/25/2020 at 17:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,232 sqft
- Baths : 2 full
Listing Agent
Keller Williams Sd Metro
Listing Agent's Description
Outstanding home with SOLAR in El Cajon city. Owner making all the right touches for some lucky family. 3 bed/2 bath 1232sf level lot with huge bonus room. A/C, newer appliances, granite counters, new plumbing, laminate flooring, Xeriscape landscape to save water, gorgeous palms surround making it the perfect California Dreamin. All bedrooms on one side, entertaining on the other. 2 Car Garage, long driveway for extra off street parking. Close to transportation, food and fun.
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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
Neighborhood: El Cajon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Cajon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$533 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$397
|
||
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.
$525,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 7.03% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
3.33
YEARS SAVED
$17,073
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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848 Denise Ln El Cajon,
- 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1959
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
1.619.866.9104
Keller Williams Sd Metro
