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1876 Royston Drive San Diego, CA 92154

4 Beds 2 Baths 2,130 sqft Built 1970

$650,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $305.16
  • 2 Days on Market
  • MLS # : 200050548
  • Updated Date : 11/02/2020 at 23:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,130 sqft
  • Baths : 2 full
Listing Agent

Otay Mesa Realty

Listing Agent's Description

Spacious four bedroom, two bathroom, single story home only minutes away from the beach or the highway. Corner lot with ample space, fenced in back yard with a nine foot wide gate and hook ups for RV/motorhome.

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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: Egger Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $187k621k

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

Neighborhood: Egger Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13102982

* 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
Emory Elementary School Primary Regular 632 25 5
Emory Elementary School Middle Regular 632 25 5
Mar Vista High School High Regular 1,685 58 4

Emory Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 25
5
GreatSchools Rating

Emory Elementary School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 25
5
GreatSchools Rating

Mar Vista High School

  • Education Level: High
  • # of students: 1,685
  • # of teachers: 58
4
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,398
Property Tax -$632
Property Insurance -$81
Property Management Fees -$129
CASH FLOW
-$370

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.

$650,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.5%
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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$31,206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,089

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,870
1$2,8702$3,400
$3,400
RENT COMPS ANALYSIS
  • 1876 Royston Drive San Diego, CA 1
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.35
    •  
  • 1570 Arequipa St San Diego, CA 2
    • 5 beds 3 baths ∙ 2,343 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,343 Sqft ∙ Built 1972
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.45
    •  
PROPERTY LISTING DETAILS
Thomas Jackson
1.619.628.0653
Otay Mesa Realty
BESbswy