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10445 Calico Cir San Diego, CA 92126

2 Beds 2 Baths 1,008 sqft Built 1985

$669,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $663.69
  • 14 Days on Market
  • MLS # : 210000869
  • Updated Date : 01/14/2021 at 04:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,008 sqft
  • Baths : 2 full
Listing Agent

Rmg Properties

Listing Agent's Description

Adorable Detached 2 bedroom 2 bath Home. Great location in highly desirable Mira Mesa. On cul-de-sac and corner lot makes for very private setting. Roof replaced in 2015. Nicely upgraded kitchen and bathrooms. Backyard great size and excellent for entertaining. Fantastic location close to all, shopping, restaurants, schools, Hourglass Field Community Park and freeways. Absolutely charming home, with plenty room to expand and add on even has gated side for RV parking, No HOA, or Mello Roos !!

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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: 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
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,324
Property Tax -$654
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$900

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.

$669,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.34%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$924

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
  • $2,258

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9504$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 10445 Calico Cir San Diego, CA 1
    • 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8660 New Salem St #70 San Diego, CA 2
    • 2 beds 2 baths ∙ 831 Sqft ∙ Built 1993 2 beds 2 baths ∙ 831 Sqft ∙ Built 1993
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $2.17
    •  
  • 8488 New Salem St #65 San Diego, CA 3
    • 2 beds 2 baths ∙ 866 Sqft ∙ Built 1985 2 beds 2 baths ∙ 866 Sqft ∙ Built 1985
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $2.25
    •  
  • 10742 Dabney #53 San Diego, CA 4
    • 2 beds 2 baths ∙ 920 Sqft ∙ Built 1990 2 beds 2 baths ∙ 920 Sqft ∙ Built 1990
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.39
    •  
  • 8766 Pagoda Way San Diego, CA 5
    • 2 beds 2 baths ∙ 1,162 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,162 Sqft ∙ Built 1973
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.15
    •  
PROPERTY LISTING DETAILS
Bob Gwyn
1.760.458.8970
Rmg Properties
BESbswy