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8657 Circle R Course Ln Escondido, CA 92026

3 Beds 2 Baths 1,634 sqft Built 1983

$525,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $321.30
  • 4 Days on Market
  • MLS # : 210007051
  • Updated Date : 03/21/2021 at 04:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Carmel Valley

Listing Agent's Description

Fantastic home with great views and location. Remodeled kitchen compliments homes open floorplan. Vaulted ceilings make extra spacious with a large patio / deck to enjoy morning coffee or evening wine. Two bedrooms downstairs and and extra large bedroom upstairs. Beautiful hard wood flooring accent large family room fireplace - super cozy for cooler nights.

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

Zip Code: 92026

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Zip Code: 92026

ZipNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14342885

* 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
Valley Center Middle School Middle Regular 789 32 3
Valley Center High School High Regular 1,154 51 7
Oak Glen High School High Alternative 57 4 NA

Valley Center Middle School

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 32
3
GreatSchools Rating

Valley Center High School

  • Education Level: High
  • # of students: 1,154
  • # of teachers: 51
7
GreatSchools Rating

Oak Glen High School

  • Education Level: High
  • # of students: 57
  • # of teachers: 4
NA
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,824
Property Tax -$546
Property Insurance -$68
HOA -$365
Property Management Fees -$129
CASH FLOW
-$572

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.

$525,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,500

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,790
$2,790
RENT COMPS ANALYSIS
  • 8657 Circle R Course Ln Escondido, CA 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.44
    •  
  • 29710 Williams Valley Ct Escondido, CA 2
    • 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 2003
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.53
    •  
PROPERTY LISTING DETAILS
David Rudd
1.858.999.7702
Keller Williams Carmel Valley
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007051
Last Updated: 03/21/2021
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