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

11673 Ramsdell Ct San Diego, CA 92131

4 Beds 3 Baths 1,764 sqft Built 1995

$1,046,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $592.97
  • 8 Days on Market
  • MLS # : 210006617
  • Updated Date : 03/20/2021 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,764 sqft
  • Baths : 2 full , 1 half
Listing Agent

T&h Realty Group, Inc.

Listing Agent's Description

Absolutely beautiful home on a cul-de-sac. Gorgeous modern kitchen with Granite countertops and backsplashes. S/S appliances, custom craftsman cabinets, recessed lighting, wood shutters, HVAC and hardwood floors throughout. All baths have newer fixtures and cabinetries. Spacious family room with cozy fireplace. Elegant formal dining and living room. Enjoy this delightful private and quiet backyard with superb landscaping.

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: 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
 

$941,400$1,150,600$1,046,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,633
Property Tax -$1,023
Property Insurance -$72
HOA -$42
Property Management Fees -$129
CASH FLOW
-$1,649

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.

$1,046,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.31%

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

PROJECTED ANNUAL CASH FLOW

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

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$282,940

INVESTMENT

$282,940

Down Payment
$261,500
Rehab Estimate
$5,750
Closing Costs
$15,690

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,633

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $261,500
Loan Amount $784,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $3,449

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,980
1$2,9802$3,0003$3,1504$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 11673 Ramsdell Ct San Diego, CA 4
    • 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.84
    •  
  • 11404 Miro Circle San Diego, CA 1
    • 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 2001
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $2.04
    •  
  • 10948 Ivy Hill Dr ##6 San Diego, CA 2
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
  • 10872 Hasbrook Rd San Diego, CA 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1996
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.91
    •  
  • 11106 Ivy Hill Dr San Diego, CA 5
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1998
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
Thomas Lee
1.619.261.2031
T&h Realty Group, Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006617
Last Updated: 03/20/2021
BESbswy