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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $426.46
- 2 Days on Market
- MLS # : 210004530
- Updated Date : 02/21/2021 at 05:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,169 sqft
- Baths : 2 full , 1 half
Listing Agent
Big Block Realty, Inc.
Listing Agent's Description
Beautiful corner lot in the welcoming residential neighborhood of Carmel Mountain Ranch! Open the door into an open living room and connected dining room with vaulted ceilings and large windows allowing all day natural light. The floor plan then flows to the updated kitchen with granite countertops, refurbished cabinets, stainless steel appliances and fixtures. Waterproof luxury vinyl floors throughout. Master bedroom contains a remodeled bathroom w/ rainfall shower. Open family room which leads to the a water-conservative back and side yard perfect for entertaining and relaxing. Mature fruit trees located in the front yard. Spacious 2 car garage with large cabinets for storage. Whole house repiped in 2017. Conveniently located close to all amenity CMR has to offer, but quietly hidden from the hustle and bustle. Walking distance to Shoal Creek Elementary. Easy access to I-15 and CA-56 freeways. Just a 20 minute drive from the beautiful Del Mar beach or Downtown San Diego! Don’t miss out on this rare gem.
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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: Carmel Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carmel Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,420 |
| EXPENSES | Loan Payment | -$3,213 |
| Property Tax | -$809 | |
| Property Insurance | -$82 | |
| HOA | -$44 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$856
|
||
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.
$925,000
PROJECTED PRICE
$3,420
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$250,875
LOAN DETAILS
$3,213
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $231,250 |
| Loan Amount | $693,750 |
2.08
YEARS SAVED
$12,285
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,606
COMP ESTIMATED VALUE -
$1.66
COMP AVG. RENT PER SQFT
Comps Range
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13909 Capewood Ln San Diego, CA 1
- 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1989
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- Rent Per SQFT
- $0
- $0.00
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14154 Capewood Ln San Diego, CA 2
- 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 3
- 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
-
14179 Capewood Ln San Diego, CA 4
- 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1989
LEASED 02/05/21- Rent
- Rent Per SQFT
- $3,600
- $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
1.858.395.5791
Big Block Realty, Inc.
MLS #: 210004530
Last Updated: 02/21/2021
