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9226 Mountain Shadow Drive Lakeside, CA 92040

3 Beds 2 Baths 1,536 sqft Built 1974

$615,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $400.39
  • 7 Days on Market
  • MLS # : 200051836
  • Updated Date : 11/19/2020 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Wannebo Real Estate Group

Listing Agent's Description

This spectacular single-story VIEW home situated on an expansive almost 18k sq ft lot! Gorgeous drought tolerant landscaping to include exotic succulent plantings, multiple fruit trees to include 3 orange, lime, tangerine, pomegranate and grapevine. This oversized lot features expansive useable lot square footage to include a new cedar fence around the entire back of property and RV parking with electrical hookups. 2 car garage with custom built ins and work bench. Power panel upgraded to 200 AMP in 2019

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $213k594k

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

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14502885

* 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
Lakeview Elementary School Primary Regular 706 28 8
Tierra Del Sol Middle School Middle Regular 595 24 5
El Capitan High School High Regular 1,649 72 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 28
8
GreatSchools Rating

Tierra Del Sol Middle School

  • Education Level: Middle
  • # of students: 595
  • # of teachers: 24
5
GreatSchools Rating

El Capitan High School

  • Education Level: High
  • # of students: 1,649
  • # of teachers: 72
6
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,269
Property Tax -$679
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
-$272

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.

$615,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$37,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,164

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,870
1$2,8702$2,925
$2,925
RENT COMPS ANALYSIS
  • 9226 Mountain Shadow Drive Lakeside, CA 1
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.87
    •  
  • 13616 Avenida Del Charro El Cajon, CA 2
    • 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,421 Sqft ∙ Built 1970
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $2.06
    •  
PROPERTY LISTING DETAILS
Kurt Wannebo
1.888.473.7324
Wannebo Real Estate Group
BESbswy