Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $511.52
- 2 Days on Market
- MLS # : 200054325
- Updated Date : 12/19/2020 at 18:38
CONSTRUCTION
- Beds : 3
- Floor Size : 2,344 sqft
- Baths : 2 full , 1 half
Listing Agent
Wolf Real Estate Group
Listing Agent's Description
Meticulously maintained Torrey Del Mar home situated on a Cul De Sac! Great family community ~Great indoor outdoor living featuring an outdoor sitting area with a waterfall and fireplace. Oversized open floor plan. The downstairs features an office which can easily be converted to a guest bedroom. Build an additional bedroom upstairs over the loft. Oversized master with huge volume and large bathroom with walk in closet. Two additional bedrooms with a laundry room. Top rated Westview HS #1 in Poway
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Torrey Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Torrey Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,160 |
| EXPENSES | Loan Payment | -$4,424 |
| Property Tax | -$1,027 | |
| Property Insurance | -$86 | |
| HOA | -$65 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,571
|
||
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.
$1,199,000
PROJECTED PRICE
$4,160
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,485
LOAN DETAILS
$4,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,750 |
| Loan Amount | $899,250 |
1
YEARS SAVED
$5,415
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
-
$4,372
COMP ESTIMATED VALUE -
$1.87
COMP AVG. RENT PER SQFT
Comps Range
-
13972 Amber Place San Diego, CA 1
- 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 2003
- 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
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
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
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
LEASED 07/15/20- Rent
- Rent Per SQFT
- $4,800
- $2.04
PROPERTY LISTING DETAILS
1.858.243.4110
Wolf Real Estate Group
