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10641 Wincheck Rd San Diego, CA 92131

4 Beds 3 Baths 1,764 sqft Built 1996

$959,500

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $543.93
  • 4 Days on Market
  • MLS # : 210003029
  • Updated Date : 02/04/2021 at 23:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,764 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lepe Tendwell Properties

Listing Agent's Description

This gorgeous home features 4 bedrooms, 2.5 bathrooms and is located in the highly sought out neighborhood of Scripps Ranch. The white kitchen features quartz countertops, full wall backsplash, stainless steel appliances with a view of the tropical inspired back yard. The beautifully landscaped back yard includes a waterfall pool and spa surrounded by palm trees. Enjoy tranquil mountain views from the bedroom windows. This upgraded home is also within walking distance from coffee shops, stores, and parks.

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: Miramar Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $233k845k

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

Neighborhood: Miramar Ranch North

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273855

* 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
Dingeman Elementary School Primary Regular 832 28 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

Dingeman Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 28
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
 

$863,550$1,055,450$959,500

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$3,333
Property Tax -$939
Property Insurance -$72
HOA -$42
Property Management Fees -$129
CASH FLOW
-$1,404

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.

$959,500

PROJECTED PRICE

$3,110

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.0%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$260,018

INVESTMENT

$260,018

Down Payment
$239,875
Rehab Estimate
$5,750
Closing Costs
$14,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,333

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $239,875
Loan Amount $719,625
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$300

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
  • $3,325

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0004$3,1505$3,400
$3,400
RENT COMPS ANALYSIS
  • 10641 Wincheck Rd San Diego, CA 1
    • 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10019 Kika Ct San Diego, CA 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.76
    •  
  • 10948 Ivy Hill Dr ##6 San Diego, CA 3
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
  • 10872 Hasbrook Rd San Diego, CA 4
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1996
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.91
    •  
  • 11106 Ivy Hill Dr San Diego, CA 5
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1998
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
April Khamphasouk
1.619.389.6750
Lepe Tendwell Properties
BESbswy