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10484 El Comal Dr 
San Diego, CA
92124
4 Beds 3 Baths 1,867 sqft
Built 1973
INVESTimate
$825,000
List Price
$224,375
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PROPERTY INFO
FACTS
- Built In 1973
- Price/Sqft : $441.89
- 4 Days on Market
- MLS # : 200040944
- Updated Date : 08/25/2020 at 08:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,867 sqft
- Baths : 2 full , 1 half
Listing Agent
360 Residential
Listing Agent's Description
Spectacular and spacious 4 BR / 3 BA Tierrasanta home! Located on a quiet dead end street, this home has a brand new roof, paid for solar (2020 install) and a furnace that's under 5 years old. Updated kitchen and flooring downstairs. Private fully fenced in yard with two car garage and multiple off street parking spaces.
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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: Tierrasanta
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tierrasanta
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,430 |
| EXPENSES | Loan Payment | -$3,044 |
| Property Tax | -$801 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$618
|
||
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.
$825,000
PROJECTED PRICE
$3,430
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 4.68% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$224,375
LOAN DETAILS
$3,044
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $206,250 |
| Loan Amount | $618,750 |
3.25
YEARS SAVED
$25,507
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
-
$3,305
COMP ESTIMATED VALUE -
$1.77
COMP AVG. RENT PER SQFT
Comps Range
-
10484 El Comal Dr San Diego, 1
- 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
11236 Portobelo Drive San Diego, 2
- 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1991
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,950
- $1.93
-
5393 Camino Playa Malaga San Diego, 3
- 4 beds 3 baths ∙ 1,858 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,858 Sqft ∙ Built 1992
![property image]()
LEASED 03/05/19- Rent
- Rent Per SQFT
- $3,000
- $1.61
PROPERTY LISTING DETAILS
1.858.212.1101
360 Residential
