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10275 Royal Ann Ave San Diego, CA 92126

4 Beds 2 Baths 1,320 sqft Built 1973

$739,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $559.85
  • 3 Days on Market
  • MLS # : 210002422
  • Updated Date : 01/30/2021 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

San Diego Market Realty

Listing Agent's Description

Beautifully remodeled 4 bed/2 bath POOL home in highly desirable central San Diego location! Open floor-plan & covered custom Patio w/ porcelain flooring + easy care turf yards are perfect for entertaining. So many upgrades! Remodeled kitchen & master bath, hybrid bamboo flooring (allergy/termite resistant),Dual pane windows, 2018 New Roof, Copper overhead plumbing,New insulation Dec 2020.Upgraded A/C & electrical panel.Home is pre-wired for Tesla solar & powerwall. Saltwater pool & spa. See supp for 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: 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
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,567
Property Tax -$723
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$709

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.

$739,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.37%

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

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$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,567

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,718

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
  • $2,732

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7754$3,100
$3,100
RENT COMPS ANALYSIS
  • 10275 Royal Ann Ave San Diego, CA 1
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7331 Dancy Rd San Diego, CA 2
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.10
    •  
  • 11067 Alonda Court San Diego, CA 3
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1986
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.99
    •  
  • 10762 Fenwick Rd San Diego, CA 4
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
PROPERTY LISTING DETAILS
Jody Vansumer
1.619.962.8800
San Diego Market Realty
BESbswy