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12675 Brickellia St San Diego, CA 92129

4 Beds 3 Baths 1,988 sqft Built 1986

$869,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $437.12
  • 5 Days on Market
  • MLS # : 200054817
  • Updated Date : 01/03/2021 at 04:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,988 sqft
  • Baths : 3 full
Listing Agent

Century 21 Award

Listing Agent's Description

Beautiful Park Village Home features a gracious floor plan, vaulted ceilings. Bedroom & full bath downstairs. Formal Dining Room &  Breakfast Nook. Luxurious Master Suite with  walk-in closet. Walk to nearby West Chase park.  Top-ranked Poway schools: Park Village Elementary, Mesa Verde Middle School & Westview High School.  Easy access to 56 and 15, Close to Rancho Penasquitos Towne Center, library and YMCA.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Penasquitos Park View Estates

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k798k

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

Neighborhood: Penasquitos Park View Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273528

* 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
Park Village Elementary School Primary Regular 652 26 9
Mesa Verde Middle School Middle Regular 1,273 48 9
Westview High School High Regular 2,283 56 10

Park Village Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 26
9
GreatSchools Rating

Mesa Verde Middle School

  • Education Level: Middle
  • # of students: 1,273
  • # of teachers: 48
9
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 56
10
GreatSchools Rating
 

$782,100$955,900$869,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$3,206
Property Tax -$798
Property Insurance -$77
HOA -$40
Property Management Fees -$129
CASH FLOW
-$941

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.

$869,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.6%
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

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,035

INVESTMENT

$236,035

Down Payment
$217,250
Rehab Estimate
$5,750
Closing Costs
$13,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,250
Loan Amount $651,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,666

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
  • $3,305

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,3004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 12675 Brickellia St San Diego, CA 1
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8220 Guppy Court San Diego, CA 2
    • 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 1992
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.59
    •  
  • 12915 Amaranth San Diego, CA 3
    • 4 beds 3 baths ∙ 1,970 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,970 Sqft ∙ Built 1987
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 12648 Ragweed St. San Diego, CA 4
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1990
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.69
    •  
  • 12464 Ragweed St San Diego, CA 5
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1991
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.69
    •  
PROPERTY LISTING DETAILS
Jane Hou
1.858.444.2428
Century 21 Award
BESbswy