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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $424.74
- 7 Days on Market
- MLS # : 210003978
- Updated Date : 02/19/2021 at 22:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,001 sqft
- Baths : 2 full , 1 half
Listing Agent
Wannebo Real Estate Group
Listing Agent's Description
Spacious 4 bedroom home located on a quiet cul-de-sac in the desirable Villa Trinidad community of Tierrasanta. Updated kitchen with white cabinets, silestone countertops, stainless steel appliances and opening to large family room with custom wet bar. Master bedroom with dual closets, vaulted ceiling and large walk out patio/deck with views. 2 separate solar system – one for pool and one for house. See supplement.
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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 | $3,340 |
| EXPENSES | Loan Payment | -$2,952 |
| Property Tax | -$826 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$644
|
||
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.
$849,900
PROJECTED PRICE
$3,340
PROJECTED RENT
0.39%
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
$230,974
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,475 |
| Loan Amount | $637,425 |
2.75
YEARS SAVED
$18,642
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
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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10818 Valiente Court San Diego, CA
- 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1975
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
1.888.473.7324
Wannebo Real Estate Group
MLS #: 210003978
Last Updated: 02/19/2021
