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11405 Spruce Run Drive San Diego, CA 92131

5 Beds 3 Baths 3,165 sqft Built 1998

$1,399,000

List Price

$4,680

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $442.02
  • 3 Days on Market
  • MLS # : 200052272
  • Updated Date : 11/20/2020 at 23:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,165 sqft
  • Baths : 3 full
Listing Agent

San Diego Castles Realty

Listing Agent's Description

Beautiful 5-bedroom Autumn Ridge home situated on a sprawling 1/3 acre lot! This amazing property complete with sparkling pool and sport court overlooks the community park and boasts unobstructed distant views of surrounding hills. Inside, features include new carpeting, fresh warm wall colors, wood floors, updated kitchen with granite counters and white cabinetry, attached 3-car garage, one bedroom and full bath downstairs, and so much more! **See Supplement**

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: Miramar Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $233k845k

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

Neighborhood: Miramar Ranch North

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273855

* 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
Dingeman Elementary School Primary Regular 832 28 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

Dingeman Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 28
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
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$5,162
Property Tax -$1,369
Property Insurance -$107
HOA -$42
Property Management Fees -$129
CASH FLOW
-$2,128

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.

$1,399,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.0%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$719

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
  • $4,811

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,695
$4,695
RENT COMPS ANALYSIS
  • 11405 Spruce Run Drive San Diego, CA 1
    • 5 beds 3 baths ∙ 3,165 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,165 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11430 Winding Ridge Dr San Diego, CA 2
    • 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1999
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $1.52
    •  
PROPERTY LISTING DETAILS
Kris Gomez
1.858.442.5742
San Diego Castles Realty
BESbswy