Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12381 Kingspine Ave San Diego, CA 92131

5 Beds 4 Baths 3,261 sqft Built 1986

$1,470,000

List Price

$4,650

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $450.78
  • 2 Days on Market
  • MLS # : 210001936
  • Updated Date : 01/24/2021 at 00:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,261 sqft
  • Baths : 3 full , 1 half
Listing Agent

San Diego Castles Realty

Listing Agent's Description

Stunning 5 bed, 3.5 bath with private granny flat. Newly remodeled kitchen with stainless steel appliances, new granite island, LED lights, plantation shutters, & new engineered wood flooring. Large living room with cathedral ceilings & an elegant mantle. Master with balcony & three bedrooms upstairs with loft/office. Spacious backyard with artificial turf, fruit trees, large island & new bbq, pool with security fencing for kids. Whispering Ridge offers community pool, spa, tennis courts & clubhouse.

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: 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
 

$1,323,000$1,617,000$1,470,000

PURCHASE PRICE

$4,185$5,115$4,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,650
EXPENSES Loan Payment -$5,106
Property Tax -$1,432
Property Insurance -$109
HOA -$130
Property Management Fees -$129
CASH FLOW
-$2,256

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.

$1,470,000

PROJECTED PRICE

$4,650

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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$395,300

INVESTMENT

$395,300

Down Payment
$367,500
Rehab Estimate
$5,750
Closing Costs
$22,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,106

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $367,500
Loan Amount $1,102,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$185

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
  • $4,859

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,995
$4,995
RENT COMPS ANALYSIS
  • 12381 Kingspine Ave San Diego, CA 1
    • 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 1986 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12680 Rue Parc San Diego, CA 2
    • 4 beds 5 baths ∙ 3,355 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,355 Sqft ∙ Built 2005
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.49
    •  
PROPERTY LISTING DETAILS
Pascale Mercier
1.858.414.6804
San Diego Castles Realty
BESbswy