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903 Hydra Ct San Marcos, CA 92069

4 Beds 4 Baths 2,875 sqft Built 2013

INVESTimate

$719,999

List Price

$3,230

$2,980 - $3,480

Rent Est.

$760,607  ( +5.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $250.43
  • 7 Days on Market
  • MLS # : 200040335
  • Updated Date : 08/21/2020 at 18:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,875 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Don't miss your opportunity to own this gorgeous home in sought after Rancho Santalina Community! From the cul-de-sac location, private virtually maintenance free back yard to bright and open layout, this one has it all! Full bedroom and adjacent bath are conveniently located on the main level. Impressive kitchen with oversize eat-at island, crisp white cabinetry, built-in stainless appliances and granite counter tops flows right into the dining and living areas - perfect for entertaining! See supplement

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

Neighborhood: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k599k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Joli Ann Leichtag Elementary School Primary Regular 811 34 7
San Marcos Middle School Middle Regular 1,331 48 5
San Marcos High School High Regular 2,776 101 9

Joli Ann Leichtag Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 34
7
GreatSchools Rating

San Marcos Middle School

  • Education Level: Middle
  • # of students: 1,331
  • # of teachers: 48
5
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$647,999$791,999$719,999

PURCHASE PRICE

$2,907$3,553$3,230

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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 $3,230
EXPENSES Loan Payment -$2,656
Property Tax -$676
Property Insurance -$99
HOA -$72
Property Management Fees -$129
CASH FLOW
-$403

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.

$719,999

PROJECTED PRICE

$3,230

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.64%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $539,999
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$35,695

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
  • $3,479

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,3004$3,600
$3,600
RENT COMPS ANALYSIS
  • 903 Hydra Ct San Marcos, 1
    • 4 beds 4 baths ∙ 2,875 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,875 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 705 Casita Lane San Marcos, 2
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2003
    property image
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.16
    •  
  • 1011 Woodcrest Ln Vista, 3
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2008
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.23
    •  
  • 708 Casita Lane San Marcos, 4
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.24
    •  
PROPERTY LISTING DETAILS
Lana Moncada
1.619.629.3055
Redfin Corporation
BESbswy