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INVESTimate
$729,900
List Price
$199,174
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $568.46
- 6 Days on Market
- MLS # : 200040579
- Updated Date : 08/26/2020 at 08:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,284 sqft
- Baths : 2 full
Listing Agent
Rc Realty Of San Diego
Listing Agent's Description
VR $699,900-$729,900 Pride of ownership! New roof w/6 attic vents & 2 new skylights. Lifetime warranty. Pretty hickory wood flooring. Large center island in kitchen. Spacious patio room w/extra electrical for office use & windows all around looks to private backyard. Backs to quiet tree lined open space. Upgraded vinyl windows. Bathrooms remodeled w/tile showers & floors Central A/C. Added insulation. New ducts & vents. Large storage shed. Easy care front yard. Walk to Jonas Salk Elementary & Maddox Park
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: Mira Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mira Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,740 |
EXPENSES | Loan Payment | -$2,693 |
Property Tax | -$714 | |
Property Insurance | -$60 | |
Property Management Fees | -$129 | |
CASH FLOW
-$856
|
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.
$729,900
PROJECTED PRICE
$2,740
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.41% |
Appreciation Year (1-5) | 6.63% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.56% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$199,174
LOAN DETAILS
$2,693
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $182,475 |
Loan Amount | $547,425 |
1.42
YEARS SAVED
$5,774
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,740
LIST RENT -
$2.13
LIST RENT PER SQFT
-
$2,908
COMP ESTIMATED VALUE -
$2.27
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.858.722.9322
Rc Realty Of San Diego