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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $564.27
- 6 Days on Market
- MLS # : 200052256
- Updated Date : 11/20/2020 at 21:48
CONSTRUCTION
- Beds : 4
- Floor Size : 1,416 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
MUST SEE! - Single story Rancho Penasquitos home located on a large .22 acre lot in a quiet serene community. This 1,416 square foot home comprises 4 bedrooms, 2 baths, 2-car garage. Enjoy the rewards of fully paid solar, as well as over $90k in tasteful upgrades. Beautiful granite countertops and large island add elegance to the kitchen. All bathrooms fully remodeled in 2017. Large master bedroom complete with handsome French doors opens to a private oasis-like backyard.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Twin Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Twin Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$2,948 |
| Property Tax | -$723 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,173
|
||
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.
$799,000
PROJECTED PRICE
$2,690
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,485
LOAN DETAILS
$2,948
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
0.42
YEARS SAVED
$895
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$1.9
LIST RENT PER SQFT
-
$2,666
COMP ESTIMATED VALUE -
$1.88
COMP AVG. RENT PER SQFT
Comps Range
-
13146 Bavarian San Diego, CA 1
- 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,690
- $1.90
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8770 Rideabout Ln San Diego, CA 2
- 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1987
LEASED 09/30/20- Rent
- Rent Per SQFT
- $3,000
- $1.89
-
7880 Via Montebello #3 San Diego, CA 3
- 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2003
LEASED 08/02/20- Rent
- Rent Per SQFT
- $3,095
- $1.84
-
12565 Rideabout Court San Diego, CA 4
- 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1987
LEASED 06/26/19- Rent
- Rent Per SQFT
- $3,100
- $1.83
-
8821 Twin Trails Dr San Diego, CA 5
- 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1980
LEASED 06/25/19- Rent
- Rent Per SQFT
- $3,300
- $1.97
PROPERTY LISTING DETAILS
1.858.361.8285
Compass
