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11696 Cacao Ct San Diego, CA 92124

3 Beds 2 Baths 1,588 sqft Built 1984

$800,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $503.78
  • 5 Days on Market
  • MLS # : 200053594
  • Updated Date : 12/09/2020 at 23:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,588 sqft
  • Baths : 2 full
Listing Agent

Brookeshire Real Estate

Listing Agent's Description

Fabulous single story home in the exclusive Monte De Oro section of Tierrasanta, on a corner lot! This home has been the dream home of the owners for over 30 years and it is now time for the next generation to enjoy this wonderful single story home. This home is surrounded by million dollar homes and it needs the right homeowner to make her a jewel again!! Very close walking distance to the fabulous Mission Trails Regional Park. This is a fabulous opportunity to own a one story home in Tierrasanta!!

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Tierrasanta

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Tierrasanta

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Tierrasanta Elementary School Primary Regular 472 19 9
De Portola Middle School Middle Regular 969 40 7
Serra High School High Regular 1,796 71 7

Tierrasanta Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 19
9
GreatSchools Rating

De Portola Middle School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 40
7
GreatSchools Rating

Serra High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 71
7
GreatSchools Rating
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,952
Property Tax -$777
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$1,025

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.

$800,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,609

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
  • $3,049

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,9504$3,500
$3,500
RENT COMPS ANALYSIS
  • 11696 Cacao Ct San Diego, CA 1
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10969 Clairemont Mesa Blvd San Diego, CA 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1977
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.90
    •  
  • 11236 Portobelo Drive San Diego, CA 3
    • 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1991
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.93
    •  
  • 4575 La Cuenta Dr San Diego, CA 4
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1978
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.93
    •  
PROPERTY LISTING DETAILS
Dan Sirota
1.858.472.3266
Brookeshire Real Estate
BESbswy