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11836 Helmer Ln San Diego, CA 92131

4 Beds 3 Baths 2,529 sqft Built 1987

$1,190,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $470.54
  • 4 Days on Market
  • MLS # : 200053097
  • Updated Date : 12/04/2020 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,529 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful home with upgrades throughout & unobstructed views from the front & back of the home! Situated atop the canyon, enjoy gorgeous sunrises, privacy, & cool breezes. Highlighting lots of natural light, a 3-car garage, tall vaulted ceilings, crown molding, plantation shutters throughout, hardwood flooring, ceiling fans, a formal living & dining room, a warm and inviting family room with a fireplace, & a full bed/bath on the first floor.

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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: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k858k

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

Neighborhood: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16273600

* 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
Jerabek Elementary School Primary Regular 647 24 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

Jerabek Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 24
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
 

$1,071,000$1,309,000$1,190,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$4,391
Property Tax -$1,164
Property Insurance -$91
Property Management Fees -$129
CASH FLOW
-$1,914

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.

$1,190,000

PROJECTED PRICE

$3,860

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
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-$30k-$20k-$10k$0.0$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$321,100

INVESTMENT

$321,100

Down Payment
$297,500
Rehab Estimate
$5,750
Closing Costs
$17,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,500
Loan Amount $892,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$244

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
  • $4,059

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5903$3,6504$3,9955$4,100
$4,100
RENT COMPS ANALYSIS
  • 11836 Helmer Ln San Diego, CA 1
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10187 Avenida Magnifica San Diego, CA 2
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1983
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.61
    •  
  • 11963 Cypress Valley Drive San Diego, CA 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
  • 11448 Larmier Circle San Diego, CA 4
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.48
    •  
  • 11686 Wannacut San Diego, CA 5
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1999
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.72
    •  
PROPERTY LISTING DETAILS
Jeffrey Nix
1.619.962.2471
Redfin Corporation
BESbswy