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PROPERTY INFO
FACTS
- Single Family
- Built In 1952
- Price/Sqft : $492.61
- 13 Days on Market
- MLS # : 210002138
- Updated Date : 01/26/2021 at 22:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,030 sqft
- Baths : 2 full , 1 half
Listing Agent
Big Block Realty, Inc.
Listing Agent's Description
This beautiful property offers a 180 degree breathtaking panoramic views, a dark bottom pool w/ new equipment. It's a entertainers dream! A single story, has BONUS or bd room, formal dining room or bed room, lrg walk through shed, 2 car garage. The ktchn, fam rm, living rm, a bdrm, mstr bdrm and covered patio ALL enjoy the VIEW! Solar, dual pane windows, motion lights, new pavers in driveway, Mt Helix Park .5 miles/14 min walk. Fire place, large bay window, built in's, Mstr deck, fire pit, fruit trees,
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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: Casa de Oro - Mount Helix
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Casa de Oro - Mount Helix
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,340 |
| EXPENSES | Loan Payment | -$3,473 |
| Property Tax | -$1,062 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,402
|
||
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.
$1,000,000
PROJECTED PRICE
$3,340
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,750
LOAN DETAILS
$3,473
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $250,000 |
| Loan Amount | $750,000 |
0.33
YEARS SAVED
$803
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
-
$3,309
COMP ESTIMATED VALUE -
$1.63
COMP AVG. RENT PER SQFT
Comps Range
-
10125 Hermosa Way La Mesa, CA 1
- 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1952
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1159 Benjamin Pl El Cajon, CA 2
- 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1967
LEASED 02/27/20- Rent
- Rent Per SQFT
- $3,000
- $1.74
-
9324 Carmichael Dr La Mesa, CA 3
- 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1957 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1957
LEASED 11/18/19- Rent
- Rent Per SQFT
- $3,500
- $1.52
PROPERTY LISTING DETAILS
1.760.692.7021
Big Block Realty, Inc.
