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9051 Davenrich Spring Valley, CA 91977

3 Beds 1 Baths 1,570 sqft Built 1959

INVESTimate

$499,000

List Price

$2,680

$2,430 - $2,930

Rent Est.

$536,824  ( +7.58%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1959
  • Price/Sqft : $317.83
  • 14 Days on Market
  • MLS # : 200039082
  • Updated Date : 08/24/2020 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,570 sqft
  • Baths : 1 full
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Spring Valley! This affordable Home is nicely situated on a large corner lot in a quiet family friendly neighborhood. Pride of ownership boasts New Paint and flooring throughout, a large 18'x21' Open Beam Family Room to host large family gatherings.Newly poured concrete in garage and driveway and Drought tolerant Low maintenance Landscape!Cool off this summer in the beautiful Sparkling Pool which is fully fenced.Newer 8x10 Pool shed also conveys.Hurry bring your offers!

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: La Presa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: La Presa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542885

* 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
Kempton Elementary School Primary Regular 613 20 2
La Presa Middle School Middle Regular 530 17 4
Mount Miguel High School High Regular 1,483 68 4

Kempton Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 20
2
GreatSchools Rating

La Presa Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 17
4
GreatSchools Rating

Mount Miguel High School

  • Education Level: High
  • # of students: 1,483
  • # of teachers: 68
4
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,841
Property Tax -$554
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
$89

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.

$499,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.58%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$64,945

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $3,517

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$2,9953$2,9954$4,000
$4,000
RENT COMPS ANALYSIS
  • 9051 Davenrich Spring Valley, 1
    • 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.71
    •  
  • 1639 Portola Ave. Spring Valley, 2
    • 4 beds 2 baths ∙ 1,364 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,364 Sqft ∙ Built 1977
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.20
    •  
  • 839 Galopago Spring Valley, 3
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.84
    •  
  • 8871 Kelburn Ave Spring Valley, 4
    • 4 beds 3 baths ∙ 1,495 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,495 Sqft ∙ Built 1960
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.68
    •  
PROPERTY LISTING DETAILS
Mitchell Lopez
1.619.602.5619
Allison James Estates & Homes
BESbswy