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13454 Calais Drive Del Mar, CA 92014

4 Beds 2 Baths 1,665 sqft Built 1970

INVESTimate

$1,550,000

List Price

$4,660

$4,410 - $4,910

Rent Est.

$1,622,540  ( +4.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $930.93
  • 8 Days on Market
  • MLS # : 200040317
  • Updated Date : 08/20/2020 at 21:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,665 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Charming single level Cape Cod style beach cottage west of I-5 tastefully designed and beautifully remodeled is a must see! Gourmet kitchen with SS appliances, newer soft close cabinets, black granite matte finish countertops and marble backsplash, crown molding, custom paint. New European White Oak rustic engineered wood floors, new 3-car (2 story) garage with epoxy floors & tons of storage. Lush private yard. Close to Torrey Pines State Beach, award winning schools and the new One Paseo Shopping Center!

SEE MORE

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: Del Mar Heights

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800kPrice in $240k1813k

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

Neighborhood: Del Mar Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500500055006000Rent in $16276210

* 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
Del Mar Hills Academy Primary Regular 335 14 10
Del Mar Hills Academy Middle Regular 335 14 10
Torrey Pines High School High Regular 2,752 103 10

Del Mar Hills Academy

  • Education Level: Primary
  • # of students: 335
  • # of teachers: 14
10
GreatSchools Rating

Del Mar Hills Academy

  • Education Level: Middle
  • # of students: 335
  • # of teachers: 14
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,395,000$1,705,000$1,550,000

PURCHASE PRICE

$4,194$5,126$4,660

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$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$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,660
EXPENSES Loan Payment -$5,719
Property Tax -$1,345
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$2,602

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.

$1,550,000

PROJECTED PRICE

$4,660

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.68%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$416,500

INVESTMENT

$416,500

Down Payment
$387,500
Rehab Estimate
$5,750
Closing Costs
$23,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $387,500
Loan Amount $1,162,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$244

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
  • $4,279

    COMP ESTIMATED VALUE
  • $2.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$3,9004$3,9005$4,550
$4,550
RENT COMPS ANALYSIS
  • 13454 Calais Drive Del Mar, 1
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3885 Fallon San Diego, 2
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1988
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.22
    •  
  • 2771 Caminito San Marino Del Mar, 3
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1973
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.65
    •  
  • 13147 Portofino Dr Del Mar, 4
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1972
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.57
    •  
  • 14240 Pinewood Dr Del Mar, 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1972
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,550
    • $2.84
    •  
PROPERTY LISTING DETAILS
Patricia Contreras
1.619.987.7289
Compass
BESbswy