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11171 Batavia Cir San Diego, CA 92126

5 Beds 3 Baths 1,628 sqft Built 1972

$785,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $482.19
  • 28 Days on Market
  • MLS # : 210003365
  • Updated Date : 03/05/2021 at 01:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,628 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Move-in ready in a ideal Mira Mesa location. Enjoy the bright and spacious floor plan with an open kitchen and living room, the freshly painted interior including all the doors, many spacious rooms for a variety of different options, solar and the huge front yard that has been professionally landscaped. Private backyard includes canyon views and there are no neighbors behind the home. Very central location with easy access to shopping, dining & entertainment on Mira Mesa Blvd, beaches and the 15, 805, 52 & 56 highways. This is a must see!

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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: 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
Sandburg Elementary School Primary Regular 781 27 9
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Sandburg Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 27
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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,727
Property Tax -$768
Property Insurance -$68
Property Management Fees -$129
CASH FLOW
-$382

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.

$785,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.42%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$32,337

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
  • $3,411

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$3,1004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 11171 Batavia Cir San Diego, CA 1
    • 5 beds 3 baths ∙ 1,628 Sqft ∙ Built 1972 5 beds 3 baths ∙ 1,628 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11374 Pegasus Ave San Diego, CA 2
    • 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
    •  
  • 10762 Fenwick Rd San Diego, CA 3
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
  • 11061 Blythe Rd San Diego, CA 4
    • 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1977
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.17
    •  
  • 10541 Kemerton Rd San Diego, CA 5
    • 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1990
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.12
    •  
PROPERTY LISTING DETAILS
Tony Elias
1.619.449.1919
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210003365
Last Updated: 03/05/2021
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