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10772 Pacific Canyon Way San Diego, CA 92121

4 Beds 3 Baths 2,765 sqft Built 1997

$1,259,000

List Price

$4,480

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $455.33
  • 13 Days on Market
  • MLS # : 200050015
  • Updated Date : 11/06/2020 at 17:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,765 sqft
  • Baths : 3 full
Listing Agent

Aare

Listing Agent's Description

Look no further! Panoramic views & sunsets from both levels of this beautiful canyon lot in Pacific Ridge Sorrento Valley! Spacious with Vaulted Ceilings… Remodeled Kitchen with Walk-In Pantry…Balcony off Master…Ample Closet Space with Built-Ins…Oversized Bonus Room Upstairs…1 Bedroom with full Bath Downstairs…3-Car Garage with Built-Ins…Large Laundry Room Downstairs… Low-Maintenance yard with synthetic turf, Stamped concrete, Plumerias & Hibiscus, Planter boxes …Newer AC/Furnace with Nest-see supplement

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: Sorrento Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Sorrento Valley

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
Hickman Elementary School Primary Regular 581 21 9
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Hickman Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 21
9
GreatSchools Rating

Challenger Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 39
9
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$1,133,100$1,384,900$1,259,000

PURCHASE PRICE

$4,032$4,928$4,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,480
EXPENSES Loan Payment -$4,645
Property Tax -$1,189
Property Insurance -$97
HOA -$52
Property Management Fees -$129
CASH FLOW
-$1,632

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.

$1,259,000

PROJECTED PRICE

$4,480

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$339,385

INVESTMENT

$339,385

Down Payment
$314,750
Rehab Estimate
$5,750
Closing Costs
$18,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $314,750
Loan Amount $944,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$5,896

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
  • $4,507

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,5004$4,6955$5,000
$5,000
RENT COMPS ANALYSIS
  • 10772 Pacific Canyon Way San Diego, CA 1
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11066 Lopez Ridge Way San Diego, CA 2
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1999
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.56
    •  
  • 5671 Weatherstone Court San Diego, CA 3
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.67
    •  
  • 5753 Concord Woods Way San Diego, CA 4
    • 5 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $1.65
    •  
  • 5665 Willowmere Ln San Diego, CA 5
    • 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2000
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.64
    •  
PROPERTY LISTING DETAILS
Mana Mahfoozi
1.619.846.0168
Aare
BESbswy