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15747 Spreckels Place San Diego, CA 92127

3 Beds 3 Baths 2,360 sqft Built 2011

$994,900

List Price

$4,160

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $421.57
  • 5 Days on Market
  • MLS # : 210003551
  • Updated Date : 02/12/2021 at 16:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,360 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This gorgeous 3 bedroom 2.5 bathroom is located in the heart of the very sought after neighborhood of Del Sur. Conveniently located across the street from Spreckels park, this home offers 2300 plus square feet, has dark hardwood floors throughout, and is perfect for entertaining with a gorgeous modern kitchen that opens up to a family room and breakfast area. All the bedrooms are located upstairs and a loft with great views overlooking the park, which is ideal for a home office or a play area. Act fast.

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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: 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
 

$895,410$1,094,390$994,900

PURCHASE PRICE

$3,744$4,576$4,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,160
EXPENSES Loan Payment -$3,456
Property Tax -$987
Property Insurance -$87
HOA -$162
Property Management Fees -$129
CASH FLOW
-$660

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.

$994,900

PROJECTED PRICE

$4,160

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,399

INVESTMENT

$269,399

Down Payment
$248,725
Rehab Estimate
$5,750
Closing Costs
$14,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,725
Loan Amount $746,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$29,758

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
  • $4,460

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,3004$4,895
$4,895
RENT COMPS ANALYSIS
  • 15747 Spreckels Place San Diego, CA 1
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16418 Calloway Dr San Diego, CA 2
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2003
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.73
    •  
  • 15504 Bristol Ridge Ter San Diego, CA 3
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2007
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.95
    •  
  • 15682 Via Montecristo San Diego, CA 4
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2006
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,895
    • $1.99
    •  
PROPERTY LISTING DETAILS
Logan Henry
1.858.945.7957
Coldwell Banker Realty
BESbswy