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8850 Nelson Way 
Escondido, CA
92026
3 Beds 4 Baths 2,564 sqft
Built 1995
INVESTimate
$779,900
List Price
$212,424
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $304.17
- 7 Days on Market
- MLS # : 200040314
- Updated Date : 08/26/2020 at 08:56
CONSTRUCTION
- Beds : 3
- Floor Size : 2,564 sqft
- Baths : 3 full , 1 half
Listing Agent
Daniel Team Realty
Listing Agent's Description
Seller will entertain offers between $749,900-$779,900. This custom-built home has 3 bedrooms, 3.5 bathrooms and a bonus room. With 2,564 sq ft, this home boasts stunning panoramic views from almost every inch of this secluded hilltop. Located on 2.3 acres of land, this home has 2 covered rear patio areas, a balcony off the upstairs bedrooms with excellent views. The Master bedroom and bathroom are downstairs. There are Pella windows throughout, an intercom system, central vacuum, see supplement
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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
Zip Code: 92026
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92026
* 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 | $3,150 |
| EXPENSES | Loan Payment | -$2,877 |
| Property Tax | -$832 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$780
|
||
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.
$779,900
PROJECTED PRICE
$3,150
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$212,424
LOAN DETAILS
$2,877
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $194,975 |
| Loan Amount | $584,925 |
2.17
YEARS SAVED
$13,141
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
-
$3,231
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
8850 Nelson Way Escondido, 1
- 3 beds 4 baths ∙ 2,564 Sqft ∙ Built 1995 3 beds 4 baths ∙ 2,564 Sqft ∙ Built 1995
![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
1.760.533.8326
Daniel Team Realty
