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11748 Pickford Rd San Diego, CA 92131

3 Beds 3 Baths 1,503 sqft Built 1995

INVESTimate

$875,000

List Price

$2,880

$2,630 - $3,130

Rent Est.

$927,325  ( +5.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $582.17
  • 7 Days on Market
  • MLS # : 200040267
  • Updated Date : 08/21/2020 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 full , 1 half
Listing Agent

Richard Ricasata

Listing Agent's Description

Entertainer's dream! Step through the french doors leading to the private and beautifully landscaped yard featuring waterfall, koi pond, fire pit, BBQ, outdoor speakers and hot tub. Gorgeous kitchen, natural slate floors, spacious master suite, solar panels (7.56kW, owned) and Level 2 EV charger in the garage! Walk to the nearby park, and shops! Low Mello-Roos that ends soon! Hot tub does not convey.

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: 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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,592$3,168$2,880

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$3,228
Property Tax -$856
Property Insurance -$65
HOA -$42
Property Management Fees -$129
CASH FLOW
-$1,440

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.

$875,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.98%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$150

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
  • $2,882

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,6004$2,6505$3,000
$3,000
RENT COMPS ANALYSIS
  • 11748 Pickford Rd San Diego, 1
    • 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11891 Spruce Run Drive #c San Diego, 2
    • 3 beds 3 baths ∙ 1,335 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,335 Sqft ∙ Built 1998
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.95
    •  
  • 10020 Scripps Vista Way #65 San Diego, 3
    • 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 1993
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.92
    •  
  • 11878 Scripps Creek Dr. #8 San Diego, 4
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1996
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 10948 Ivy Hill Dr ##6 San Diego, 5
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
PROPERTY LISTING DETAILS
Richard Ricasata
1.619.318.3400
Richard Ricasata
BESbswy