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

15558 Camden Pl San Diego, CA 92131

5 Beds 5 Baths 5,037 sqft Built 2007

$1,675,000

List Price

$6,020

$5.8K - $6.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $332.54
  • 2 Days on Market
  • MLS # : 200051691
  • Updated Date : 11/15/2020 at 00:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,037 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This is a truly beautiful model 2 Davidson home. Beautifully appointed throughout, as-new condition, outstanding floor plan, large usable backyard, quiet neighborhood, downstairs en-suite, 3 car garage. Light and bright throughout. This home has a wonderful feeling and is immediately comfortable while exuding sophistication and quality - a rare find. Poway schools.

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: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $233k1550k

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

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500500055006000Rent in $16276059

* 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
Morning Creek Elementary School Primary Regular 823 30 8
Meadowbrook Middle School Middle Regular 1,343 53 7
Mt. Carmel High School High Regular 2,014 47 9

Morning Creek Elementary School

  • Education Level: Primary
  • # of students: 823
  • # of teachers: 30
8
GreatSchools Rating

Meadowbrook Middle School

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

Mt. Carmel High School

  • Education Level: High
  • # of students: 2,014
  • # of teachers: 47
9
GreatSchools Rating
 

$1,507,500$1,842,500$1,675,000

PURCHASE PRICE

$5,418$6,622$6,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,020
EXPENSES Loan Payment -$6,180
Property Tax -$2,025
Property Insurance -$154
HOA -$145
Property Management Fees -$129
CASH FLOW
-$2,613

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.

$1,675,000

PROJECTED PRICE

$6,020

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.3%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$449,625

INVESTMENT

$449,625

Down Payment
$418,750
Rehab Estimate
$5,750
Closing Costs
$25,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$6,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $418,750
Loan Amount $1,256,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,020

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $5,944

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$5,995
1$5,9952$6,020
$6,020
RENT COMPS ANALYSIS
  • 15558 Camden Pl San Diego, CA 2
    • 5 beds 5 baths ∙ 5,037 Sqft ∙ Built 2007 5 beds 5 baths ∙ 5,037 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $6,020
    • $1.20
    •  
  • 13308 Shadetree Ct. San Diego, CA 1
    • 5 beds 5 baths ∙ 5,100 Sqft ∙ Built 2005 5 beds 5 baths ∙ 5,100 Sqft ∙ Built 2005
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,995
    • $1.18
    •  
PROPERTY LISTING DETAILS
Bryan Hoffman
1.858.354.0740
Keller Williams Realty
BESbswy