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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $478.07
- 6 Days on Market
- MLS # : 210000347
- Updated Date : 01/09/2021 at 18:25
CONSTRUCTION
- Beds : 5
- Floor Size : 3,922 sqft
- Baths : 4 full , 1 half
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
Stunning Vista Santa Barbara Plan 3 home in Carmel Valley! 3922 sqft, 5 bed/4.5 bath plus a large bonus room. One bedroom and bath on the 1st floor. Flowing layout with welcoming entry. Gourmet kitchen features granite countertops, large island & Viking SS appliances. Amazing pool with waterfalls, slide and own solar. Close to best Carmel Valley schools, minutes to shopping, restaurants, freeway and Del Mar beaches.
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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: Torrey Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Torrey Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $7,160 |
| EXPENSES | Loan Payment | -$6,513 |
| Property Tax | -$1,843 | |
| Property Insurance | -$126 | |
| HOA | -$104 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,555
|
||
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.
$1,875,000
PROJECTED PRICE
$7,160
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.65% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.45% |
| 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
$502,625
LOAN DETAILS
$6,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $468,750 |
| Loan Amount | $1,406,250 |
2.5
YEARS SAVED
$36,188
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$7,128
COMP ESTIMATED VALUE -
$1.82
COMP AVG. RENT PER SQFT
Comps Range
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13224 Sunset Point Way San Diego, CA 1
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4989 Beauchamp Ct San Diego, CA 2
- 4 beds 4 baths ∙ 3,600 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,600 Sqft ∙ Built 2000
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LEASED 08/06/20- Rent
- Rent Per SQFT
- $6,800
- $1.89
-
13318 Wyngate Pt San Diego, CA 3
- 5 beds 5 baths ∙ 4,008 Sqft ∙ Built 1997 5 beds 5 baths ∙ 4,008 Sqft ∙ Built 1997
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $6,900
- $1.72
-
4980 Beauchamp Court San Diego, CA 4
- 6 beds 5 baths ∙ 4,130 Sqft ∙ Built 1994 6 beds 5 baths ∙ 4,130 Sqft ∙ Built 1994
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $7,000
- $1.69
-
4952 Flaxton Terrace San Diego, CA 5
- 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 1996 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 1996
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $7,900
- $1.97
PROPERTY LISTING DETAILS
1.858.722.2666
Berkshire Hathaway Homeservice
