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11729 Aspen View Dr San Diego, CA 92128

5 Beds 3 Baths 2,352 sqft Built 1998

INVESTimate

$979,000

List Price

$3,610

$3,360 - $3,860

Rent Est.

$1,040,873  ( +6.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $416.24
  • 6 Days on Market
  • MLS # : 200040444
  • Updated Date : 08/22/2020 at 22:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,352 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Blink… and this one will be gone! This Monterey Plan 2 features 2,352sf, an oversize 3-Car Garage, 5 bedrooms & 3 baths; with a full Bed & Bath downstairs. The kitchen was remodeled in 2019. Neutral paint & brand new light-colored carpeting, along w/an abundance of dual-pane windows keep this home bright & cheery. The backyard is an entertainers dream, complete w/an above-ground Spa, Built-in BBQ, raised eating area, Fire-pit & 4-hole putting green. Low HOA & No Mello Roos. See Supplement for more.

SEE MORE

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: Sabre Springs

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Sabre Springs

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273473

* 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
Creekside Elementary School Primary Regular 573 20 10
Meadowbrook Middle School Middle Regular 1,343 53 7
Mt. Carmel High School High Regular 2,014 47 9

Creekside Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 20
10
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 1,343
  • # of teachers: 53
7
GreatSchools Rating

Mt. Carmel High School

  • Education Level: High
  • # of students: 2,014
  • # of teachers: 47
9
GreatSchools Rating
 

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,249$3,971$3,610

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,610
EXPENSES Loan Payment -$3,612
Property Tax -$904
Property Insurance -$86
HOA -$48
Property Management Fees -$129
CASH FLOW
-$1,169

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.

$979,000

PROJECTED PRICE

$3,610

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.32%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,718

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
  • $3,826

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,6504$3,650
$3,650
RENT COMPS ANALYSIS
  • 11729 Aspen View Dr San Diego, 1
    • 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11397 Legacy Canyon Pl San Diego, 2
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1995
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.64
    •  
  • 11963 Cypress Valley Drive San Diego, 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
  • 11532 Creekstone Ln San Diego, 4
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2001
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.63
    •  
PROPERTY LISTING DETAILS
Desiree Kates
1.858.967.8858
Keller Williams Realty
BESbswy