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12955 Cristallo Place San Diego, CA 92130

3 Beds 3 Baths 1,804 sqft Built 1991

$1,175,000

List Price

$3,610

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $651.33
  • 5 Days on Market
  • MLS # : 200051375
  • Updated Date : 11/15/2020 at 05:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full , 1 half
Listing Agent

Islander Realty

Listing Agent's Description

FABULOUS FAMILY HOME IN QUIET CUL DE SAC OVERLOOKING GREENBELT OPEN SPACE! VAULTED CEILNGS ACCENTUATE BRIGHT NATURAL LIGHT IN LIVING ROOM & MASTER BEDROOM! CROWN MOLDING TROUGHOUT ENTIRE HOME! BEAUTIFUL & DURABLE LUXURY VINYL PLANK THROUGHOUT ALL TRAFFIC AREAS! OVERSIZED LOT WITH PLENTY OF OUTDOOR PLAY SPACE! EASY WALK TO SCHOOLS, DEL MAR HIGHLANDS SHOPPING & ONE PASEO! NEW IN 2020: STOVE&OVEN, MICROWAVE, DISHWASHER & WATER HEATER! TWO PORTABLE AC UNITS INCLUDED FOR THOSE WARM FEW DAYS EVERY YEAR!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Torrey Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Torrey Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Solana Pacific School Primary Regular 577 23 10
Carmel Valley Middle School Middle Regular 1,531 56 10
Torrey Pines High School High Regular 2,752 103 10

Solana Pacific School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 23
10
GreatSchools Rating

Carmel Valley Middle School

  • Education Level: Middle
  • # of students: 1,531
  • # of teachers: 56
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$3,249$3,971$3,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,610
EXPENSES Loan Payment -$4,335
Property Tax -$1,155
Property Insurance -$73
HOA -$56
Property Management Fees -$129
CASH FLOW
-$2,138

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,175,000

PROJECTED PRICE

$3,610

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,335

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,610

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $3,671

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6103$3,7004$3,8005$3,850
$3,850
RENT COMPS ANALYSIS
  • 12955 Cristallo Place San Diego, CA 2
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,610
    • $2.00
    •  
  • 13080 Caminito Bautizo San Diego, CA 1
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1997
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.83
    •  
  • 3885 Fallon San Diego, CA 3
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1988
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.22
    •  
  • 13046 Caminito Bautizo San Diego, CA 4
    • 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 1997
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.12
    •  
  • 13086 Candela San Diego, CA 5
    • 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 1989
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.97
    •  
PROPERTY LISTING DETAILS
Jeffrey Brummitt
1.619.208.1342
Islander Realty
BESbswy