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8718 Nelson Way Escondido, CA 92026

4 Beds 2 Baths 2,304 sqft Built 1991

INVESTimate

$735,000

List Price

$2,890

$2,640 - $3,140

Rent Est.

$782,334  ( +6.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $319.01
  • 11 Days on Market
  • MLS # : 200039972
  • Updated Date : 08/24/2020 at 20:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,304 sqft
  • Baths : 2 full
Listing Agent

Cabrillo Team Realty

Listing Agent's Description

This beautiful home is simply amazing. There are 4 bedrooms and 2 bathrooms on 1.15 acres. The home has been wired and set up with a Crestron home control system. There is 12 exterior cameras and the most amazing exterior movie screen. You'll be able to enjoy your own movies outside and have more then enough parking for your loved ones. The projector comes with the house! Of course we can not forget the storage shed which can fit all your needed storage. Bring your toys and RV's, there's plenty of parking

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: 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
Bonsall Elementary School Primary Regular 985 7
Norm Sullivan Middle School Middle Regular 579 7
Bonsall High School High Regular 63 6 3

Bonsall Elementary School

  • Education Level: Primary
  • # of students: 985
  • # of teachers:
7
GreatSchools Rating

Norm Sullivan Middle School

  • Education Level: Middle
  • # of students: 579
  • # of teachers:
7
GreatSchools Rating

Bonsall High School

  • Education Level: High
  • # of students: 63
  • # of teachers: 6
3
GreatSchools Rating
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,601$3,179$2,890

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-$15k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,712
Property Tax -$787
Property Insurance -$85
Property Management Fees -$129
CASH FLOW
-$823

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.

$735,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.44%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,048

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
  • $2,903

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,950
$2,950
RENT COMPS ANALYSIS
  • 8718 Nelson Way Escondido, 1
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29771 Circle R Ct Escondido, 2
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000
    property image
    LEASED 04/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.26
    •  
PROPERTY LISTING DETAILS
Ruben Martinez
1.858.335.0177
Cabrillo Team Realty
BESbswy