Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9935 Bonnie Vista Dr. La Mesa, CA 91941

3 Beds 2 Baths 1,640 sqft Built 1968

$829,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $505.49
  • 2 Days on Market
  • MLS # : 210001314
  • Updated Date : 01/16/2021 at 16:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,640 sqft
  • Baths : 2 full
Listing Agent

Kris Saenz Real Estate Inc

Listing Agent's Description

Welcome home to this remodel in the coveted neighborhood of Mt. Helix! This 3 bedroom single level has spectacular ocean views, city lights, glorious morning sunrises of the surrounding mountains, and gorgeous vistas of the Coronado Islands. Featuring upgraded new kitchen, new bathrooms, new s/s appliances, new roof, new flooring, new windows, new interior & exterior paint, and new landscaping. Conveniently located above nearby shopping, restaurants and easy access to both the 8 and 94 freeways.

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: Casa de Oro - Mount Helix

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $222k682k

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

Neighborhood: Casa de Oro - Mount Helix

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143140

* 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
Casa De Oro Elementary School Primary Regular 397 14 5
Casa De Oro Elementary School Middle Regular 397 14 5
Monte Vista High School High Regular 1,657 76 7

Casa De Oro Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 14
5
GreatSchools Rating

Casa De Oro Elementary School

  • Education Level: Middle
  • # of students: 397
  • # of teachers: 14
5
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 76
7
GreatSchools Rating
 

$746,100$911,900$829,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,879
Property Tax -$851
Property Insurance -$68
Property Management Fees -$129
CASH FLOW
-$918

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.

$829,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,879

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,943

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
  • $3,026

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5753$2,9004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 9935 Bonnie Vista Dr. La Mesa, CA 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3799 Kenwood Ct Spring Valley, CA 2
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1987
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.74
    •  
  • 10242 Challenge Blvd La Mesa, CA 3
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1976
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.97
    •  
  • 10331 Moorpark St Spring Valley, CA 4
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.77
    •  
  • 3050 Spearman Ln Spring Valley, CA 5
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1982
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.90
    •  
PROPERTY LISTING DETAILS
Kristopher Saenz
1.619.665.2314
Kris Saenz Real Estate Inc
BESbswy