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15635 Beltaire Lane San Diego, CA 92127

5 Beds 5 Baths 3,748 sqft Built 2013

INVESTimate

$1,499,000

List Price

$6,190

$5,940 - $6,440

Rent Est.

$1,569,153  ( +4.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $399.95
  • 7 Days on Market
  • MLS # : 200040239
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,748 sqft
  • Baths : 4 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Phenomenal RARE location in DEL SUR with BEST/most ROBUST large floor plan available!! Sellers have delivered thoughtful upgrades thru/out - incl. dramatic, timeless dining room w gorgeous built in, backsplash, lighting, wine fridge & gorgeous fixtures as well as fully renovated 2ndary bath - casual elegance at its finest! THINK: CUL DE SAC, LARGE PRIVATE LOT, 5beds w 1 bath/bed down + powder + loft + dstairs office + custom built in closets AND SOLAR! ARE YOU KIDDING ME?? One block from a pool!

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Black Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Black Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $16275590

* 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
Del Sur Elementary School Primary Regular 573 22 9
Oak Valley Middle School Middle Regular 1,361 50 9
Del Norte High School High Regular 1,933 62 9

Del Sur Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
9
GreatSchools Rating

Oak Valley Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 50
9
GreatSchools Rating

Del Norte High School

  • Education Level: High
  • # of students: 1,933
  • # of teachers: 62
9
GreatSchools Rating
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$5,571$6,809$6,190

RENT

DOWN PAYMENT
FINANCING

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k$50k

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$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,190
EXPENSES Loan Payment -$5,531
Property Tax -$1,558
Property Insurance -$121
HOA -$163
Property Management Fees -$129
CASH FLOW
-$1,312

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.

$1,499,000

PROJECTED PRICE

$6,190

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.68%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$35,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,190

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $6,315

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$6,095
1$6,0952$6,1503$6,190
$6,190
RENT COMPS ANALYSIS
  • 15635 Beltaire Lane San Diego, 3
    • 5 beds 5 baths ∙ 3,748 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,748 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $6,190
    • $1.65
    •  
  • 8111 Lazy River Road San Diego, 1
    • 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2012
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,095
    • $1.70
    •  
  • 7378 Los Brazos San Diego, 2
    • 4 beds 4 baths ∙ 3,677 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,677 Sqft ∙ Built 2003
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,150
    • $1.67
    •  
PROPERTY LISTING DETAILS
Anne Schreiber
1.858.414.5700
Compass
BESbswy