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11366 Stable Glen Place San Diego, CA 92130

4 Beds 3 Baths 2,197 sqft Built 2009

$1,279,000

List Price

$4,460

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $582.16
  • 10 Days on Market
  • MLS # : 200054923
  • Updated Date : 01/09/2021 at 20:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wannebo Real Estate Group

Listing Agent's Description

Welcome home to this Spanish Style Carriage Run Plan 2. This 4 bedroom 2.5 bathroom home has been immaculately cared for. Granite counters, stainless steal appliances and spacious master suite are just a few reasons you will love this home. Award winning Ocean Air Elementary school. Easy access to the 5 and 56. Low HOA!

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: Del Mar Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1296k

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

Neighborhood: Del Mar Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Ocean Air School Primary Regular 786 33 9
Carmel Valley Middle School Middle Regular 1,531 56 10
Torrey Pines High School High Regular 2,752 103 10

Ocean Air School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 33
9
GreatSchools Rating

Carmel Valley Middle School

  • Education Level: Middle
  • # of students: 1,531
  • # of teachers: 56
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,151,100$1,406,900$1,279,000

PURCHASE PRICE

$4,014$4,906$4,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$4,442
Property Tax -$1,233
Property Insurance -$82
HOA -$45
Property Management Fees -$129
CASH FLOW
-$1,471

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,279,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$344,685

INVESTMENT

$344,685

Down Payment
$319,750
Rehab Estimate
$5,750
Closing Costs
$19,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,442

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $319,750
Loan Amount $959,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$7,274

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,460

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $4,440

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$4,195
1$4,1952$4,2003$4,4604$4,5005$4,900
$4,900
RENT COMPS ANALYSIS
  • 11366 Stable Glen Place San Diego, CA 3
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,460
    • $2.05
    •  
  • 4114 Walnut Ridge San Diego, CA 1
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2003
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.84
    •  
  • 4148 Twilight Ridge San Diego, CA 2
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2003
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.99
    •  
  • 11292 Laurelcrest Drive San Diego, CA 4
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2010
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.09
    •  
  • 11368 Cadence Grove Way San Diego, CA 5
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2007
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.23
    •  
PROPERTY LISTING DETAILS
Kurt Wannebo
1.888.473.7324
Wannebo Real Estate Group
BESbswy