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10396 Scripps Trail San Diego, CA 92131

3 Beds 2 Baths 1,742 sqft Built 1984

$879,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $504.59
  • 3 Days on Market
  • MLS # : 210003211
  • Updated Date : 02/06/2021 at 00:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full
Listing Agent

Homesmart Realty West

Listing Agent's Description

MINOR COSMETIC FIXER NEEDS MINOR TLC ROOF REPAIR WAS COMPLETE ON FLASHING ON FIREPLACE

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k858k

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

Neighborhood: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16273600

* 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
Jerabek Elementary School Primary Regular 647 24 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

Jerabek Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 24
10
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 1,611
  • # of teachers: 59
9
GreatSchools Rating

Scripps Ranch High School

  • Education Level: High
  • # of students: 2,232
  • # of teachers: 83
10
GreatSchools Rating
 

$791,100$966,900$879,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$3,053
Property Tax -$860
Property Insurance -$71
Property Management Fees -$129
CASH FLOW
-$1,023

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.

$879,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,983

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
  • $3,327

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,8504$2,9955$3,400
$3,400
RENT COMPS ANALYSIS
  • 10396 Scripps Trail San Diego, CA 1
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11878 Scripps Creek Dr. #c San Diego, CA 2
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1996
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 12357 Caminito Sereno San Diego, CA 3
    • 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1994
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.04
    •  
  • 10318 Ridgewater Ln San Diego, CA 4
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1982
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.80
    •  
  • 10928 Caminito Cerezo San Diego, CA 5
    • 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 1996
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.91
    •  
PROPERTY LISTING DETAILS
Harry Rogers
1.619.517.5828
Homesmart Realty West
BESbswy