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13725 Stoney Gate Place San Diego, CA 92128

3 Beds 3 Baths 1,949 sqft Built 1988

$889,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $456.13
  • 5 Days on Market
  • MLS # : 200050263
  • Updated Date : 11/02/2020 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,949 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

GORGEOUS CUL DE SAC HOME IN CARMEL MOUNTAIN RANCH REMODELED KITCHEN WITH GRANITE COUNTERS AND STAINLESS APPLIANCES CROWN MOLDINGS WOOD FLOORS 2 FIREPLACES INDOOR LAUNDRY PLANTATION SHUTTERS, CENTRAL AIR AND HEAT REMODELED BATHROOMS WITH 2 PERSON SPA TUB WALK IN CLOSET ALL ORGANIZED MASTER BEDROOM WITH OFFICE OR NURSERY ATTACHED. GREAT BACK YARD WITH NEW COVERED PATIO BUILT IN BBQ & PORTABLE SPA. EASY FREEWAY ACCESS POWAY SCHOOLS VA AND FHA TERMS OK. FINISHED 2 CAR GARAGE WITH LOFT STORAGE

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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: Carmel Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k767k

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

Neighborhood: Carmel Mountain

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
Shoal Creek Elementary School Primary Regular 612 24 7
Meadowbrook Middle School Middle Regular 1,343 53 7
Rancho Bernardo High School High Regular 2,183 80 9

Shoal Creek Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 24
7
GreatSchools Rating

Meadowbrook Middle School

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

Rancho Bernardo High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 80
9
GreatSchools Rating
 

$800,100$977,900$889,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,280
Property Tax -$777
Property Insurance -$76
HOA -$44
Property Management Fees -$129
CASH FLOW
-$1,166

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.

$889,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.9%
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$20k

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$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$3,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,201

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,799
1$2,7992$3,1403$3,2504$3,5955$3,650
$3,650
RENT COMPS ANALYSIS
  • 13725 Stoney Gate Place San Diego, CA 2
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.61
    •  
  • 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
    •  
  • 14154 Capewood Ln San Diego, CA 3
    • 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
    •  
  • 11807 Seaglass Ct San Diego, CA 4
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1990
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.66
    •  
  • 11779 Windcrest Ln San Diego, CA 5
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.70
    •  
PROPERTY LISTING DETAILS
Jim Carmichael
1.619.670.6663
Keller Williams Realty
BESbswy