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16957 Silver Crest Ln San Diego, CA 92127

5 Beds 4 Baths 3,282 sqft Built 2006

$1,175,000

List Price

$4,630

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $358.01
  • 15 Days on Market
  • MLS # : 200049341
  • Updated Date : 10/30/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,282 sqft
  • Baths : 4 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Beautifully maintained and finished 4S Ranch home in the Rosemary Lane Collection. Full bedroom and bathroom downstairs with 4 additional bedrooms and a spacious loft area upstairs! Gourmet kitchen with stainless appliances, granite counter tops and neutral wood cabinetry. Formal entry with formal living/office area plus family room opening to the kitchen and private back yard with 2 separate seating areas and built in BBQ perfect for entertaining! SOLAR OWNED, all house vacuum and water softener system!

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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: 4S Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1059k

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

Neighborhood: 4S Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $16274591

* 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
Monterey Ridge Elementary School Primary Regular 1,040 38 9
Oak Valley Middle School Middle Regular 1,361 50 9
Del Norte High School High Regular 1,933 62 9

Monterey Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 38
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
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$4,167$5,093$4,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,630
EXPENSES Loan Payment -$4,335
Property Tax -$1,420
Property Insurance -$110
HOA -$90
Property Management Fees -$129
CASH FLOW
-$1,454

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.

$1,175,000

PROJECTED PRICE

$4,630

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,335

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$5,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,630

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $4,308

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,1003$4,3004$4,4955$4,630
$4,630
RENT COMPS ANALYSIS
  • 16957 Silver Crest Ln San Diego, CA 5
    • 5 beds 4 baths ∙ 3,282 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,282 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $4,630
    • $1.41
    •  
  • 17136 Patina Street San Diego, CA 1
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2000
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.36
    •  
  • 10566 Monterey Ridge Dr. San Diego, CA 2
    • 5 beds 3 baths ∙ 3,293 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,293 Sqft ∙ Built 2010
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.25
    •  
  • 17041 Silver Crest Dr San Diego, CA 3
    • 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2005
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.27
    •  
  • 10234 Lone Bluff Dr San Diego, CA 4
    • 4 beds 4 baths ∙ 3,288 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,288 Sqft ∙ Built 2003
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $1.37
    •  
PROPERTY LISTING DETAILS
Lisa Herndon
1.760.579.1183
Windermere Homes & Estates
BESbswy