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10083 Kibler Dr San Diego, CA 92126

3 Beds 2 Baths 1,284 sqft Built 1984

INVESTimate

$729,900

List Price

$2,740

$2,490 - $2,990

Rent Est.

$778,292  ( +6.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $224k746k

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

Neighborhood: Mira Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14133384

* 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
Jonas Salk Elementary School Primary Regular NA
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Jonas Salk Elementary School

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

Challenger Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 39
9
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$656,910$802,890$729,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$199,174

INVESTMENT

$199,174

Down Payment
$182,475
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,475
Loan Amount $547,425
See What Happens When You Reinvest Cash Flow

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
$2,690
1$2,6902$2,7003$2,7404$2,7505$2,900
$2,900
RENT COMPS ANALYSIS
  • 10083 Kibler Dr San Diego, 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $2.13
    •  
  • 10282 Kamwood Place San Diego, 1
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1989
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $2.37
    •  
  • 7331 Dancy Rd San Diego, 2
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.10
    •  
  • 10053 Kibler Drive San Diego, 4
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1984
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.43
    •  
  • 8275 Gold Coast Dr #1 San Diego, 5
    • 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 1999
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.16
    •  
PROPERTY LISTING DETAILS
Brooke Chambless
1.858.722.9322
Rc Realty Of San Diego
BESbswy