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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $369.18
- 3 Days on Market
- MLS # : 200054300
- Updated Date : 12/19/2020 at 03:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,641 sqft
- Baths : 2 full , 1 half
Listing Agent
Big Block Realty, Inc.
Listing Agent's Description
Simply one of the best views in PQ, enjoy the mountains in your resort style deck! There's room for a cozy fire, outdoor dining, work & study area and entertainment - a much needed space during our stay-at-home seasons. Inside, one is welcomed by a winding staircase, high ceilings, wooden floors, newly refaced fireplace & instagrammable kitchen! The Master's flooring and bath were also recently updated and it opens to a balcony that shares the same breathtaking view of sunrise everyday. Welcome Home!
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Glens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,760 |
| EXPENSES | Loan Payment | -$3,597 |
| Property Tax | -$900 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$960
|
||
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.
$975,000
PROJECTED PRICE
$3,760
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.9% |
| 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
$264,125
LOAN DETAILS
$3,597
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $243,750 |
| Loan Amount | $731,250 |
2.08
YEARS SAVED
$15,733
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
-
$4,146
COMP ESTIMATED VALUE -
$1.57
COMP AVG. RENT PER SQFT
Comps Range
-
11261 Del Diablo San Diego, CA 1
- 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16295 Via Embeleso San Diego, CA 2
- 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1985
LEASED 07/10/20- Rent
- Rent Per SQFT
- $3,750
- $1.53
-
11694 Caminito Corriente San Diego, CA 3
- 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1988
LEASED 08/10/20- Rent
- Rent Per SQFT
- $3,750
- $1.58
-
14117 Kellbara San Diego, CA 4
- 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
LEASED 03/07/20- Rent
- Rent Per SQFT
- $4,200
- $1.60
PROPERTY LISTING DETAILS
1.858.722.8640
Big Block Realty, Inc.
