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13224 Sunset Point Way San Diego, CA 92130

5 Beds 5 Baths 3,922 sqft Built 2004

$1,875,000

List Price

$7,160

$6.9K - $7.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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.

SEE MORE

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

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
 

$1,687,500$2,062,500$1,875,000

PURCHASE PRICE

$6,444$7,876$7,160

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$502,625

INVESTMENT

$502,625

Down Payment
$468,750
Rehab Estimate
$5,750
Closing Costs
$28,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,513

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $468,750
Loan Amount $1,406,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $7,128

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,8003$6,9004$7,0005$7,900
$7,900
RENT COMPS ANALYSIS
  • 13224 Sunset Point Way San Diego, CA 1
    • 5 beds 5 baths ∙ 3,922 Sqft ∙ Built 2004 5 beds 5 baths ∙ 3,922 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    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
Kate Hamidi
1.858.722.2666
Berkshire Hathaway Homeservice
BESbswy