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

998 Camino Cantera Chula Vista, CA 91913

4 Beds 3 Baths 1,981 sqft Built 2019

$765,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $386.17
  • 7 Days on Market
  • MLS # : 210002388
  • Updated Date : 01/30/2021 at 22:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,981 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Royal Realty

Listing Agent's Description

Within the Village of Escaya, you'll find this Luxury home built home in 2019. This natural light filled home features a spacious master suite w/a large walkin closet upstairs, large bedroom & full bath on the main floor, open concept living, gourmet chef's kitchen, backyard California patio and more. Walking distance from all your desired amenities in the 450-acre Village of Escaya resort style community with a pool/spa, clubhouse and gym, elementary school K-6, park/dog park, soccer field and more.

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: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15523384

* 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
Rancho Del Rey Middle School Middle Regular 1,628 63 7
Olympian High School High Regular 2,367 83 9

Rancho Del Rey Middle School

  • Education Level: Middle
  • # of students: 1,628
  • # of teachers: 63
7
GreatSchools Rating

Olympian High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 83
9
GreatSchools Rating
 

$688,500$841,500$765,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,657
Property Tax -$796
Property Insurance -$77
HOA -$125
Property Management Fees -$129
CASH FLOW
-$434

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$765,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,657

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$25,511

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
  • $3,318

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0004$3,2955$3,400
$3,400
RENT COMPS ANALYSIS
  • 998 Camino Cantera Chula Vista, CA 1
    • 4 beds 3 baths ∙ 1,981 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,981 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1306 Santa Victoria Chula Vista, CA 2
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2018
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.72
    •  
  • 1305 Keck Road 1305 Keck Road Chula Vista, CA 3
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.72
    •  
  • 1208 Camino Carmelo Chula Vista, CA 4
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2018
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.69
    •  
  • 5178 Westport View Dr San Diego, CA 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
James Brown
1.619.651.6322
Coldwell Banker Royal Realty
BESbswy