Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11082 Sagittarius Rd San Diego, CA 92126

3 Beds 2 Baths 1,407 sqft Built 1971

$739,900

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $525.87
  • 4 Days on Market
  • MLS # : 210000336
  • Updated Date : 01/09/2021 at 15:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome to this single level 3 BR, 2 BA home in Mira Mesa! This beautiful home offers PAID OFF SOLAR, new roofing & RV parking. Walk into the open floorplan that offers an ample amount of natural lighting, stainless steel appliances, and a beautiful kitchen including quartz countertops and convenient center island. Sitting on a large lot w/a patio area & a turfed backyard perfect for entertaining and gardening! Located near top rated schools, shopping centers, local parks, & easy fwy access.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mira Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $225k746k

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

Neighborhood: Mira Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14823384

* 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
Ericson Elementary School Primary Regular 738 28 9
Wangenheim Middle School Middle Regular 912 39 7
Mira Mesa High School High Regular 2,453 106 9

Ericson Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 28
9
GreatSchools Rating

Wangenheim Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 39
7
GreatSchools Rating

Mira Mesa High School

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

$665,910$813,890$739,900

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,570
Property Tax -$724
Property Insurance -$63
HOA -$21
Property Management Fees -$129
CASH FLOW
-$836

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.

$739,900

PROJECTED PRICE

$2,670

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,130

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
  • $2,768

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,6954$2,7505$2,950
$2,950
RENT COMPS ANALYSIS
  • 11082 Sagittarius Rd San Diego, CA 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8304 Menkar Rd San Diego, CA 2
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.08
    •  
  • 11374 Pegasus Ave San Diego, CA 3
    • 4 beds 2 baths ∙ 1,366 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,366 Sqft ∙ Built 1977
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.97
    •  
  • 10880 Buckhurst Ave San Diego, CA 4
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.85
    •  
  • 8630 Cetus Road San Diego, CA 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1978
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.97
    •  
PROPERTY LISTING DETAILS
Chris Weil
1.619.980.3356
Compass
BESbswy