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9948 Eubank Ln Spring Valley, CA 91977

3 Beds 4 Baths 2,536 sqft Built 1988

$555,500

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $219.05
  • 14 Days on Market
  • MLS # : 210004606
  • Updated Date : 03/06/2021 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,536 sqft
  • Baths : 2 full , 2 half
Listing Agent

Sd Homes

Listing Agent's Description

Lots of potential for this 3 BR with 2 full baths and 2 half baths located in Dictionary Hills. 2 Bedrooms and bonus room, laundry room on lower level. Master bedroom on main level with walk in closet and balcony off master bedroom. Nice deck/balcony off living room. Large flat lot for all the toys. Carport under Deck/balcony off living room. Breezeway behind 2 car garage. Storage along 2 car garage. Plenty of storage space.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $201k594k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13612885

* 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
La Presa Middle School Middle Regular 530 17 4
Monte Vista High School High Regular 1,657 76 7
Monte Vista High School High Unknown NA

La Presa Middle School

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

Monte Vista High School

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

Monte Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$499,950$611,050$555,500

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$1,929
Property Tax -$588
Property Insurance -$91
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.

$555,500

PROJECTED PRICE

$3,140

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.5%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$152,958

INVESTMENT

$152,958

Down Payment
$138,875
Rehab Estimate
$5,750
Closing Costs
$8,333

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,929

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $138,875
Loan Amount $416,625
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$93,282

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
  • $3,348

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,600
$3,600
RENT COMPS ANALYSIS
  • 9948 Eubanks Ln Spring Valley, CA 1
    • 3 beds 4 baths ∙ 2,536 Sqft ∙ Built 1988 3 beds 4 baths ∙ 2,536 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10394 Valley Waters Dr Spring Valley, CA 2
    • 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.32
    •  
PROPERTY LISTING DETAILS
Sharon Boyer
1.858.663.9872
Sd Homes
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004606
Last Updated: 03/06/2021
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