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13061 Sunset Point Place San Diego, CA 92130

5 Beds 5 Baths 3,922 sqft Built 2005

INVESTimate

$1,775,000

List Price

$7,220

$6,970 - $7,470

Rent Est.

$1,869,607  ( +5.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $452.58
  • 6 Days on Market
  • MLS # : 200040758
  • Updated Date : 08/23/2020 at 07:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,922 sqft
  • Baths : 4 full , 1 half
Listing Agent

Residential Agent Inc.

Listing Agent's Description

Immaculate Santa Barbara Style Executive Home, ideally located in quit cul-de-sac. Unpack and move right in. Private back yard with expansive canyon view with coveted Eastern exposure to keep the mornings light, bright and cheerful. Beautiful large white marble flooring through-providing the perfect backdrop for your any style one wishes to create. Extensive up-grades through-out. Walk to Torrey Pines HS or CCA, Canyon Crest Academy (see supplement below for additional upgrades and features.)

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: 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 Highlands School Primary Regular 341 16 NA
Carmel Valley Middle School Middle Regular 1,531 56 10
Torrey Pines High School High Regular 2,752 103 10

Solana Highlands School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 16
NA
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
 

$1,597,500$1,952,500$1,775,000

PURCHASE PRICE

$6,498$7,942$7,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k$0.0$20k$40k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,220
EXPENSES Loan Payment -$6,549
Property Tax -$1,745
Property Insurance -$126
HOA -$105
Property Management Fees -$129
CASH FLOW
-$1,434

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.

$1,775,000

PROJECTED PRICE

$7,220

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.33%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$476,125

INVESTMENT

$476,125

Down Payment
$443,750
Rehab Estimate
$5,750
Closing Costs
$26,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $443,750
Loan Amount $1,331,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$51,352

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
  • $7,197

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,4503$6,9004$7,5005$7,900
$7,900
RENT COMPS ANALYSIS
  • 13061 Sunset Point Place San Diego, 1
    • 5 beds 5 baths ∙ 3,922 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,922 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13138 Winstanley Way San Diego, 2
    • 5 beds 5 baths ∙ 3,708 Sqft ∙ Built 1998 5 beds 5 baths ∙ 3,708 Sqft ∙ Built 1998
    LEASED 04/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,450
    • $1.74
    •  
  • 13318 Wyngate Pt San Diego, 3
    • 5 beds 5 baths ∙ 4,008 Sqft ∙ Built 1997 5 beds 5 baths ∙ 4,008 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,900
    • $1.72
    •  
  • 5428 Valerio Trail San Diego, 4
    • 5 beds 5 baths ∙ 3,922 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,922 Sqft ∙ Built 2003
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.91
    •  
  • 4952 Flaxton Terrace San Diego, 5
    • 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 1996 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 1996
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,900
    • $1.97
    •  
PROPERTY LISTING DETAILS
Michael Taylor
1.619.813.5950
Residential Agent Inc.
BESbswy