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13940 Kerry Ln San Diego, CA 92130

4 Beds 4 Baths 2,536 sqft Built 2002

$1,325,000

List Price

$4,460

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $522.48
  • 11 Days on Market
  • MLS # : 210002506
  • Updated Date : 02/05/2021 at 21:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,536 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Duggan Group

Listing Agent's Description

SPECTACULAR HOME WITH A CANYON VIEW FROM THE FABULOUS SLATE TILED FRONT PORCH IN THE DESIRABLE TORREY DEL MAR NEIGHBD. LIKE A MODEL OVER $200K SPENT ON ADDING ADDITIONAL BEDROOM WITH ENSUITE BATHROOM MANY UPGRADES EXTERIOR/INT PAINT.DOWNSTRS OFFICE ADDED EXQUISITE FRENCH DRS.STUNNING KITCHEN STYLED BY UNIQUE CUSTOM DESIGNED QUARTZ COUNTERTOPS/CENTER ISLAND, WATERFULL BACKSPLASH WHITE CABS/BUILT IN OVEN NEW S/S DISHWASHER LGE SINK & DELUX 5 BURNER GAS RANGE REFRIGERATOR INCL See photos & virtual tour

SEE MORE

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: Torrey Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Torrey Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $16275765

* 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
Willow Grove Elementary School Primary Regular 765 30 9
Black Mountain Middle School Middle Regular 1,275 47 8
Westview High School High Regular 2,283 56 10

Willow Grove Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 30
9
GreatSchools Rating

Black Mountain Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 47
8
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 56
10
GreatSchools Rating
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$4,014$4,906$4,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$4,602
Property Tax -$1,135
Property Insurance -$91
HOA -$60
Property Management Fees -$129
CASH FLOW
-$1,557

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.

$1,325,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,757

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
  • $4,730

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,4954$4,5005$4,800
$4,800
RENT COMPS ANALYSIS
  • 13940 Kerry Ln San Diego, CA 1
    • 4 beds 4 baths ∙ 2,536 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,536 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13561 Chamise Vista Ln San Diego, CA 2
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2013
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.80
    •  
  • 6705 Dondero Trl San Diego, CA 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2016
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $1.91
    •  
  • 13571 Arroyo Dale Ln San Diego, CA 4
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2012
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.71
    •  
  • 6751 Monterra Trl San Diego, CA 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2015
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.04
    •  
PROPERTY LISTING DETAILS
Michael Duggan
1.925.570.0671
The Duggan Group
BESbswy