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10655 Briarlake Woods Dr San Diego, CA 92130

4 Beds 3 Baths 2,840 sqft Built 2000

$1,495,000

List Price

$4,910

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $526.41
  • 6 Days on Market
  • MLS # : 200050666
  • Updated Date : 11/07/2020 at 07:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,840 sqft
  • Baths : 3 full
Listing Agent

Homesmart Realty West

Listing Agent's Description

Spectacular two-story, 4 bedroom + loft, Carmel Valley home! Located in the highly sought after Carmel Country Highlands neighborhood of Steeplechase, just steps from Los Peñasquitos Canyon Preserve, this beautiful 2,840 square foot residence is situated on one of the largest lots in the area. $200,000 in upgrades make this home absolutely turnkey! See supplemental remarks to learn much more!

SEE MORE

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: Del Mar Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1296k

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

Neighborhood: Del Mar Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Sage Canyon School Primary Regular 710 32 10
Carmel Valley Middle School Middle Regular 1,531 56 10
Torrey Pines High School High Regular 2,752 103 10

Sage Canyon School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 32
10
GreatSchools Rating

Carmel Valley Middle School

  • Education Level: Middle
  • # of students: 1,531
  • # of teachers: 56
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,419$5,401$4,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,910
EXPENSES Loan Payment -$5,516
Property Tax -$1,441
Property Insurance -$99
HOA -$51
Property Management Fees -$129
CASH FLOW
-$2,326

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,495,000

PROJECTED PRICE

$4,910

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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-$40k-$30k-$20k-$10k$0.0$10k$20k

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$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,516

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$769

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,910

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $5,325

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$4,910
1$4,9102$5,0003$5,1904$5,4005$5,500
$5,500
RENT COMPS ANALYSIS
  • 10655 Briarlake Woods Dr San Diego, CA 1
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $4,910
    • $1.73
    •  
  • 5240 Great Meadow Drive San Diego, CA 2
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.81
    •  
  • 5767 Gablewood Way San Diego, CA 3
    • 5 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,190
    • $1.93
    •  
  • 5064 Greenwillow Lane San Diego, CA 4
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 1998
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.98
    •  
  • 5032 Manor Ridge Lane Carmel Valley, CA 5
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 1999
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.78
    •  
PROPERTY LISTING DETAILS
Frank Grannis
1.619.807.3167
Homesmart Realty West
BESbswy