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13324 Gabilan Rd San Diego, CA 92128

4 Beds 3 Baths 1,868 sqft Built 1988

$900,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $481.80
  • 23 Days on Market
  • MLS # : 200049638
  • Updated Date : 11/06/2020 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Updated Sabre Springs home on a quiet and uniquely private corner lot. ***Entertainers backyard with several sitting areas including a gorgeous wood pergola with fans and lighting. ***Outdoor shower! ***Fully owned solar! ***Whole-house water filtration system. ***New roof and windows, all new luxury vinyl flooring, new carpet and plantation shutters. ***Modern kitchen with new granite countertops, new stove and refrigerator. ***Enjoy your favorite beverage while relaxing in the large... (See Supplement)

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MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sabre Springs

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Sabre Springs

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273473

* 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
Morning Creek Elementary School Primary Regular 823 30 8
Meadowbrook Middle School Middle Regular 1,343 53 7
Mt. Carmel High School High Regular 2,014 47 9

Morning Creek Elementary School

  • Education Level: Primary
  • # of students: 823
  • # of teachers: 30
8
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 1,343
  • # of teachers: 53
7
GreatSchools Rating

Mt. Carmel High School

  • Education Level: High
  • # of students: 2,014
  • # of teachers: 47
9
GreatSchools Rating
 

$810,000$990,000$900,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$3,321
Property Tax -$831
Property Insurance -$74
HOA -$40
Property Management Fees -$129
CASH FLOW
-$1,305

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.

$900,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.3%
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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,112

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,090

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,050

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,799
1$2,7992$2,9003$3,0004$3,0905$3,250
$3,250
RENT COMPS ANALYSIS
  • 13324 Gabilan Rd San Diego, CA 4
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.65
    •  
  • 10222 Rancho Carmel Dr San Diego, CA 1
    • 3 beds 3 baths ∙ 1,767 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,767 Sqft ∙ Built 1988
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $1.58
    •  
  • 11189 Morning Creek Drive San Diego, CA 2
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1986
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.53
    •  
  • 10943 Shy Bird Lane San Diego, CA 3
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1986
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
  • 14154 Capewood Ln San Diego, CA 5
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1989
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.63
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc
BESbswy