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13223 Ireland Lane San Diego, CA 92129

3 Beds 2 Baths 1,591 sqft Built 1987

$849,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $533.63
  • 3 Days on Market
  • MLS # : 200050463
  • Updated Date : 11/02/2020 at 18:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,591 sqft
  • Baths : 2 full
Listing Agent

Pacific Realty International

Listing Agent's Description

Lovely single story home in PQ! Walking distance to award winning Poway Unified schools. Open floor plan, updated kitchen with granite counter tops and cabinets. Formal dining room. Freshly painted inside, new shower doors and blinds in bedrooms. Sliding door from the family room and master bedroom to back yard! Fruit trees in the back yard! Fig, Pomegranate, Loquats and citrus trees ready to pick! Sunroom is perfect for a playroom or office! No HOA fee, No Mello Roos. Close to shopping and freeways.

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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: Rancho Penasquitos

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k789k

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

Neighborhood: Rancho Penasquitos

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
Deer Canyon Elementary School Primary Regular 533 20 9
Mesa Verde Middle School Middle Regular 1,273 48 9
Westview High School High Regular 2,283 56 10

Deer Canyon Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 20
9
GreatSchools Rating

Mesa Verde Middle School

  • Education Level: Middle
  • # of students: 1,273
  • # of teachers: 48
9
GreatSchools Rating

Westview High School

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

$764,100$933,900$849,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$3,132
Property Tax -$768
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$1,267

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.

$849,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$710

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
  • $2,836

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,8504$3,0005$3,095
$3,095
RENT COMPS ANALYSIS
  • 13223 Ireland Lane San Diego, CA 1
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13928 Barrymore San Diego, CA 2
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1984
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.71
    •  
  • 7790 Via Belfiore #3 San Diego, CA 3
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2004
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.69
    •  
  • 8770 Rideabout Ln San Diego, CA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Cindy Quintana
1.858.888.6372
Pacific Realty International
BESbswy