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10559 Harvest View Way San Diego, CA 92128

5 Beds 4 Baths 3,073 sqft Built 2000

$1,349,000

List Price

$4,720

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $438.98
  • 4 Days on Market
  • MLS # : 210005671
  • Updated Date : 03/07/2021 at 01:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,073 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mei-ing Ling Realty

Listing Agent's Description

Stunning 5 bedroom house with plenty of upgrades. Located at the open end of a cul de sac in Saber Springs. The house is located on the top of a hill with panoramic view. It feratures a custom designed slated pool with three water falls. There is one bedroom with one full bethroom on the first floor as well as a half bath. The down stairs has beautiful travertine flooring throughtout and the second floor has hardwood floors. There are upgraded shutters throughout the house and a custom closet organizer in every bedroom. There is a jacuzzi bathtub in the master bathroom and a balcony to enjoy the beautiful view. The upstairs also has three additional bedrooms. There is a gourmet kitchen with granite countertops and a large center island. The kitchen has oven, a brand new dishwasher. There is a tankless water heater in the large 3 car garage.

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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: Sabre Springs

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Sabre Springs

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273473

* 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
Morning Creek Elementary School Primary Regular 823 30 8
Meadowbrook Middle School Middle Regular 1,343 53 7
Mt. Carmel High School High Regular 2,014 47 9

Morning Creek Elementary School

  • Education Level: Primary
  • # of students: 823
  • # of teachers: 30
8
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 1,343
  • # of teachers: 53
7
GreatSchools Rating

Mt. Carmel High School

  • Education Level: High
  • # of students: 2,014
  • # of teachers: 47
9
GreatSchools Rating
 

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$4,248$5,192$4,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,720
EXPENSES Loan Payment -$4,686
Property Tax -$1,239
Property Insurance -$104
HOA -$16
Property Management Fees -$129
CASH FLOW
-$1,454

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.

$1,349,000

PROJECTED PRICE

$4,720

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.3%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,686

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$9,179

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
  • $4,671

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,695
$4,695
RENT COMPS ANALYSIS
  • 10559 Harvest View Way San Diego, CA 1
    • 5 beds 4 baths ∙ 3,073 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,073 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11430 Winding Ridge Dr San Diego, CA 2
    • 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1999
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $1.52
    •  
PROPERTY LISTING DETAILS
Marien Ling
1.858.354.1818
Mei-ing Ling Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005671
Last Updated: 03/07/2021
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