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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $458.42
- 5 Days on Market
- MLS # : 210005601
- Updated Date : 03/06/2021 at 22:19
CONSTRUCTION
- Beds : 5
- Floor Size : 3,054 sqft
- Baths : 3 full
Listing Agent
Compass
Listing Agent's Description
Located on a quiet cul-de-sac in the coveted area of Bernardo Springs, this beautifully maintained executive home features 5 bd/3bt, a formal living & dining room, bonus room, wood flooring, crown molding, wood cased windows, a chefs kitchen with granite counter tops, stone backsplash and upgraded appliances. The warm and inviting family room is open to the kitchen with a fireplace & custom builtin entertainment center. There is a full bedroom/bath downstairs perfect for guests. Upstairs is a study area, 3 secondary bedrooms and upgraded master suite with a walk in closet, builtin cabinets and a spa like bathroom. The outdoor entertaining oasis includes a firepit, builtin BBQ bar, several seating areas, grass lawn and lots of trees for privacy. Enjoy all the benefits of 4S Ranch and best of PUSD schools without the expensive Mello Roos. SOLAR is fully owned.
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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: 4S Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: 4S Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,330 |
| EXPENSES | Loan Payment | -$4,863 |
| Property Tax | -$1,634 | |
| Property Insurance | -$104 | |
| HOA | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$2,524
|
||
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.
$1,400,000
PROJECTED PRICE
$4,330
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$376,750
LOAN DETAILS
$4,863
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $350,000 |
| Loan Amount | $1,050,000 |
0.08
YEARS SAVED
$97
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,052
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
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10683 Olivera San Diego, CA 1
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LEASED 06/12/20- Rent
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- $3,995
- $1.36
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10566 Monterey Ridge Dr. San Diego, CA 3
- 5 beds 3 baths ∙ 3,293 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,293 Sqft ∙ Built 2010
LEASED 06/29/20- Rent
- Rent Per SQFT
- $4,100
- $1.25
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10234 Lone Bluff Dr San Diego, CA 4
- 4 beds 4 baths ∙ 3,288 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,288 Sqft ∙ Built 2003
LEASED 05/06/20- Rent
- Rent Per SQFT
- $4,495
- $1.37
PROPERTY LISTING DETAILS
1.858.722.4484
Compass
MLS #: 210005601
Last Updated: 03/06/2021
