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1381 Otono 
San Diego, CA
92154
3 Beds 2 Baths 1,563 sqft
Built 1970
INVESTimate
$565,000
List Price
$155,475
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PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $361.48
- 2 Days on Market
- MLS # : 200041160
- Updated Date : 08/26/2020 at 08:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,563 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker West
Listing Agent's Description
As you walk into this beautiful home, will immediately see the pride of ownership, many upgrades throughout beautiful white kitchen cabinets marble back splash, quartz countertops farmhouse sink all stainless steel appliances, custom made middle island, entire home freshly painted light colors, beautiful ceramic tile floors through out, white plantation shutters and recessed lighting, master suite with walk in closet, large bathroom with jacuzzi, 2nd bathroom tastefully redone with floor to ceiling tile.
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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: Otay Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Otay Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$2,085 |
| Property Tax | -$539 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$399
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$565,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 8.08% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$155,475
LOAN DETAILS
$2,085
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,250 |
| Loan Amount | $423,750 |
3.58
YEARS SAVED
$20,699
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
-
$2,595
COMP ESTIMATED VALUE -
$1.66
COMP AVG. RENT PER SQFT
Comps Range
-
1381 Otono San Diego, 1
- 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
300 Rancho Dr #b Chula Vista, 2
- 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1976
![property image]()
LEASED 06/07/19- Rent
- Rent Per SQFT
- $1,950
- $1.53
-
786 Grissom St San Diego, 3
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1969
![property image]()
LEASED 04/24/19- Rent
- Rent Per SQFT
- $2,300
- $1.77
-
1050 Garland Dr San Diego, 4
- 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1968
![property image]()
LEASED 03/22/19- Rent
- Rent Per SQFT
- $2,450
- $1.68
PROPERTY LISTING DETAILS
1.619.674.3381
Coldwell Banker West
