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13215 Via Santillana San Diego, CA 92129

4 Beds 3 Baths 2,101 sqft Built 2003

$949,900

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $452.12
  • 5 Days on Market
  • MLS # : 210001618
  • Updated Date : 01/21/2021 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,101 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mission Center Realty, Inc

Listing Agent's Description

Beautiful 2 story home situated on a peaceful cul-de-sac in Torrey Highlands and within the Poway Unified School District. Sunny home with open floor plan and lots of upgrades. Enjoy the chef’s kitchen with granite counters and center island. Adjoining family room with gas fireplace and built-in entertainment center. Formal living and dining rooms. Spacious master bedroom suite with walk in closet. Corner home with no neighbors on one side. See supplemental remarks...

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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: Shaw

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Shaw

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
Willow Grove Elementary School Primary Regular 765 30 9
Black Mountain Middle School Middle Regular 1,275 47 8
Westview High School High Regular 2,283 56 10

Willow Grove Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 30
9
GreatSchools Rating

Black Mountain Middle School

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

Westview High School

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 56
10
GreatSchools Rating
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$3,299
Property Tax -$814
Property Insurance -$80
HOA -$80
Property Management Fees -$129
CASH FLOW
-$942

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.

$949,900

PROJECTED PRICE

$3,460

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$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$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$11,265

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
  • $3,556

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9803$3,2004$3,8005$4,300
$4,300
RENT COMPS ANALYSIS
  • 13215 Via Santillana San Diego, CA 1
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13330 Via Bellarado #6 San Diego, CA 2
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.63
    •  
  • 12252 Ragweed San Diego, CA 3
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1994
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.67
    •  
  • 7414 Park Village Road San Diego, CA 4
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1995
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.67
    •  
  • 13561 Chamise Vista Ln San Diego, CA 5
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2013
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.80
    •  
PROPERTY LISTING DETAILS
James Schlesinger
1.619.726.7185
Mission Center Realty, Inc
BESbswy