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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $470.89
- 3 Days on Market
- MLS # : 210004405
- Updated Date : 02/19/2021 at 21:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,529 sqft
- Baths : 1 full , 1 half
Listing Agent
Brookeshire Real Estate
Listing Agent's Description
This spectacular complete remodel is absolutely gorgeous!! Spacious kitchen with all brand new shaker cabinets, quartz countertops, glass back splash, large open stainless steel sink and sleek faucet. Brand new vinyl plank flooring throughout first floor, with new baseboards and casings. New solid core interior doors and custom hardware throughout home. All new can lighting, ceiling fans, new lighting fixtures, electrical outlets and decora switches. Brand new carpeting upstairs with new baseboards. All new Simonton dual pane windows and sliding doors. Custom tiled walk-in shower and glass enclosure. The home is in a fabulous location with a large back yard!! Be the lucky one to get this spectacular property!!
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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: Tierrasanta
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tierrasanta
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$2,501 |
| Property Tax | -$699 | |
| Property Insurance | -$66 | |
| HOA | -$165 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$870
|
||
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.
$719,990
PROJECTED PRICE
$2,690
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 4.7% |
| 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
$196,547
LOAN DETAILS
$2,501
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $179,998 |
| Loan Amount | $539,993 |
0.83
YEARS SAVED
$2,371
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
-
$2,925
COMP ESTIMATED VALUE -
$1.91
COMP AVG. RENT PER SQFT
Comps Range
-
10778 Esmeraldas Deive San Diego, CA 1
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
-
11236 Portobelo Drive San Diego, CA 2
- 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1991
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,950
- $1.93
-
5482 Rebolla Lane San Diego, CA 3
- 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1979
LEASED 11/12/19- Rent
- Rent Per SQFT
- $3,000
- $1.88
-
4575 La Cuenta Dr San Diego, CA 4
- 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1978
LEASED 07/08/20- Rent
- Rent Per SQFT
- $3,500
- $1.93
PROPERTY LISTING DETAILS
1.858.472.3266
Brookeshire Real Estate
MLS #: 210004405
Last Updated: 02/19/2021
