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11170 Southridge Way San Diego, CA 92131

4 Beds 3 Baths 2,498 sqft Built 1980

$1,100,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $440.35
  • 3 Days on Market
  • MLS # : 210005054
  • Updated Date : 02/27/2021 at 22:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,498 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Welcome home to Scripps Ranch! This lovingly maintained home has tons of character from its English garden to a cozy remodeled fireplace with custom built-ins! The kitchen features granite countertops, stainless steel appliances, & a double sink that looks out over your private backyard. Newer sliding glass doors and large windows provide substantial amounts of natural lighting throughout. The upgraded master bathroom has a zen-like quality & you will be transported to a five-star spa every day! The enchanting backyard features an outdoor dining space and is the perfect place to make lasting memories! Close to Lake Miramar, Scripps Ranch Library, Top ranked schools and more! Scripps Ranch Swim and Racquet Club Membership can convey! Run...don't walk...to this amazing move-in ready home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k858k

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

Neighborhood: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16273600

* 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
Miramar Ranch Elementary School Primary Regular 759 27 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

Miramar Ranch Elementary School

  • Education Level: Primary
  • # of students: 759
  • # of teachers: 27
10
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 1,611
  • # of teachers: 59
9
GreatSchools Rating

Scripps Ranch High School

  • Education Level: High
  • # of students: 2,232
  • # of teachers: 83
10
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,821
Property Tax -$1,076
Property Insurance -$90
Property Management Fees -$129
CASH FLOW
-$1,466

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.

$1,100,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,407

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
  • $3,914

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5903$3,6504$3,995
$3,995
RENT COMPS ANALYSIS
  • 11170 Southridge Way San Diego, CA 1
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10187 Avenida Magnifica San Diego, CA 2
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1983
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.61
    •  
  • 11963 Cypress Valley Drive San Diego, CA 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
  • 11448 Larmier Circle San Diego, CA 4
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.48
    •  
PROPERTY LISTING DETAILS
Emma Lefkowitz
1.858.880.5989
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005054
Last Updated: 02/27/2021
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