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12990 Calle Abuelito San Diego, CA 92129

3 Beds 3 Baths 1,900 sqft Built 1973

$899,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $473.16
  • 2 Days on Market
  • MLS # : 210007274
  • Updated Date : 03/21/2021 at 03:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Come see this beautifully updated home before it's gone!!! Nested on a corner lot, this 2 story Rancho Penasquitos charmer is MOVE-IN READY!!! This 1,900 square foot house sits on a 10,000 square foot lot and features 3 bedrooms and 3 bathrooms. Home has been has been meticulously maintained inside and out and has a functional layout. Backyard brings in lots of natural light with its southern exposure view. Easy freeway/school/shopping access!

SEE MORE

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: Ridgewood

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k798k

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

Neighborhood: Ridgewood

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Los Penasquitos Elementary School Primary Regular 539 20 10
Black Mountain Middle School Middle Regular 1,275 47 8
Mt. Carmel High School High Regular 2,014 47 9

Los Penasquitos Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 20
10
GreatSchools Rating

Black Mountain Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 47
8
GreatSchools Rating

Mt. Carmel High School

  • Education Level: High
  • # of students: 2,014
  • # of teachers: 47
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$3,123
Property Tax -$830
Property Insurance -$75
Property Management Fees -$129
CASH FLOW
-$1,087

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

$3,070

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.2%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,219

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
  • $3,097

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,9004$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 12990 Calle Abuelito San Diego, CA 1
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13220 Sundance Ave San Diego, CA 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.64
    •  
  • 11189 Morning Creek Drive San Diego, CA 3
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1986
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.53
    •  
  • 12915 Amaranth San Diego, CA 4
    • 4 beds 3 baths ∙ 1,970 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,970 Sqft ∙ Built 1987
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 11634 Springside Road San Diego, CA 5
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1993
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.67
    •  
PROPERTY LISTING DETAILS
Ziba Youssofi-nayab
1.888.584.9427
Exp Realty Of California Inc
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007274
Last Updated: 03/21/2021
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