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10734 Chinon Cir 
San Diego, CA
92126
4 Beds 3 Baths 1,920 sqft
Built 1990
INVESTimate
$800,000
List Price
$217,750
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $416.67
- 3 Days on Market
- MLS # : 200040946
- Updated Date : 08/24/2020 at 22:01
CONSTRUCTION
- Beds : 4
- Floor Size : 1,920 sqft
- Baths : 2 full , 1 half
Listing Agent
Pacific Sotheby's Int'l Realty
Listing Agent's Description
This bright and breezy 4 br 2.5 bath 1920 SqFt home, located in the desirable Monte Verde neighbourhood, features an open floor plan with soaring vaulted ceilings in the living room, laminate and tile flooring, 2 cozy fireplaces, jacuzzi in the master bedroom and a 2-car garage. The private backyard is perfect for entertaining, relaxing and enjoying the cooling breezes, canyon views and spectacular sunsets. The ideal location allows quick access to 805 and I5 freeways and is close to Del Mar and La Jolla
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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: Mira Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mira Mesa
* 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 | $3,180 |
| EXPENSES | Loan Payment | -$2,952 |
| Property Tax | -$783 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$759
|
||
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.
$800,000
PROJECTED PRICE
$3,180
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 7.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,750
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $200,000 |
| Loan Amount | $600,000 |
2.25
YEARS SAVED
$14,431
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
-
$3,331
COMP ESTIMATED VALUE -
$1.73
COMP AVG. RENT PER SQFT
Comps Range
-
10734 Chinon Cir San Diego, 1
- 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
10762 Westonhill Dr San Diego, 2
- 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1996
![property image]()
LEASED 05/17/19- Rent
- Rent Per SQFT
- $3,100
- $1.90
-
11235 Caminito Inocenta San Diego, 3
- 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1991
![property image]()
LEASED 06/20/19- Rent
- Rent Per SQFT
- $3,395
- $1.57
PROPERTY LISTING DETAILS
1.858.243.2173
Pacific Sotheby's Int'l Realty
