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12875 Prairie Dog Ave San Diego, CA 92129

5 Beds 3 Baths 2,571 sqft Built 1976

$899,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $349.67
  • 4 Days on Market
  • MLS # : 200050890
  • Updated Date : 11/06/2020 at 19:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,571 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Come and see this one. Lots of room for the family and friends to spread out and relax in this home. It’s loaded with 5 bedrooms plus a huge Bonus room (21x18) ready to fit your family’s needs for office, playroom, exercise and learning space. Great layout featuring 2 downstairs bedrooms and full bath is perfect for extended family or guest visits. Lots of newer updates to A/C, flooring, kitchen, bathrooms, windows plus a massive 45+ panel solar system. Open floorplan from the central kitchen and island.

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: Twin Trails

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k798k

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

Neighborhood: Twin Trails

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $16274721

* 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
Sundance Elementary School Primary Regular 548 23 9
Mesa Verde Middle School Middle Regular 1,273 48 9
Westview High School High Regular 2,283 56 10

Sundance Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 23
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
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$3,317
Property Tax -$826
Property Insurance -$92
Property Management Fees -$129
CASH FLOW
-$633

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.

$899,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.9%
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-$10k$0.0$10k$20k$30k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$31,132

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,730

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,719

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,7303$3,8004$3,800
$3,800
RENT COMPS ANALYSIS
  • 12875 Prairie Dog Ave San Diego, CA 2
    • 5 beds 3 baths ∙ 2,571 Sqft ∙ Built 1976 5 beds 3 baths ∙ 2,571 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,730
    • $1.45
    •  
  • 13456 Russet Leaf Lane San Diego, CA 1
    • 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 1991
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.42
    •  
  • 12485 Picrus St San Diego, CA 3
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 1990
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.43
    •  
  • 14294 Dalhousie Road San Diego, CA 4
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1987
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.49
    •  
PROPERTY LISTING DETAILS
Douglas Lechner
1.858.254.0437
Keller Williams Realty
BESbswy