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1559 Reklow Dr San Diego, CA 92154

3 Beds 2 Baths 1,481 sqft Built 1973

$597,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $403.11
  • 3 Days on Market
  • MLS # : 210007195
  • Updated Date : 03/19/2021 at 21:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,481 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Beautiful 3bed 2bath home located minutes away from the Beach!! This home features a large private backyard, Spacious living room, Family room, two car garage, and central heating. Excellent location close to schools, shopping center, freeway, and parks

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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: Nestor

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $187k621k

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

Neighborhood: Nestor

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13322982

* 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
Mar Vista Academy Middle Regular 868 37 3
Southwest High School High Regular 1,717 60 4

Mar Vista Academy

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 37
3
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 1,717
  • # of teachers: 60
4
GreatSchools Rating
 

$537,300$656,700$597,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,074
Property Tax -$584
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$411

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.

$597,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,955

INVESTMENT

$163,955

Down Payment
$149,250
Rehab Estimate
$5,750
Closing Costs
$8,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,250
Loan Amount $447,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,839

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
  • $2,470

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,5504$2,7505$2,895
$2,895
RENT COMPS ANALYSIS
  • 1559 Reklow Dr San Diego, CA 1
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 862 Picador San Diego, CA 2
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1985
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.71
    •  
  • 1578 Bubbling Well Dr San Diego, CA 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1972
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.62
    •  
  • 2125 Madreselva Way San Diego, CA 4
    • 3 beds 3 baths ∙ 1,640 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,640 Sqft ∙ Built 1985
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.68
    •  
  • 1343 Thermal Avenue San Diego, CA 5
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1963
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.66
    •  
PROPERTY LISTING DETAILS
Dani Hanna
1.619.277.7612
Big Block Realty, Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007195
Last Updated: 03/19/2021
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