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11866 Cypress Canyon Rd #1 San Diego, CA 92131

4 Beds 3 Baths 1,837 sqft Built 1999

$825,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $449.10
  • 2 Days on Market
  • MLS # : 200053901
  • Updated Date : 12/13/2020 at 03:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,837 sqft
  • Baths : 2 full , 1 half
Listing Agent

House & Domus Realty

Listing Agent's Description

PRIME location Twinhome in highly desirable 'MEADOWBROOK' community! No front neighbor. A serene HILL VIEW! Quiet and private largest floor plan with 4 bedrooms. Light laminate floor downstairs througout. Spacious kitchen with a center island. Newer A/C and new water heater! Fresh new interior paint! double pane windows. Located on a cul-de-sac and steps away from a community playground. Walking to award winning E.B.Scripps elementary school. Close to shoppings, Park, and I-15 freeway. Low HOA and Mello!

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
E.b. Scripps Elementary School Primary Regular 747 26 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

E.b. Scripps Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 26
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
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,044
Property Tax -$807
Property Insurance -$73
HOA -$60
Property Management Fees -$129
CASH FLOW
-$773

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.

$825,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

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

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$15,097

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
  • $3,472

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0503$3,1504$3,3505$3,400
$3,400
RENT COMPS ANALYSIS
  • 11866 Cypress Canyon Rd #1 San Diego, CA 1
    • 4 beds 3 baths ∙ 1,837 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,837 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12343 Blanton Ln San Diego, CA 2
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 1995
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.82
    •  
  • 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
    •  
  • 11446 Trailbrook Ln San Diego, CA 4
    • 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 2001
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.87
    •  
  • 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
Vince Moon
1.619.838.6475
House & Domus Realty
BESbswy