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2034 Talon Way San Diego, CA 92123

4 Beds 2 Baths 1,296 sqft Built 1961

$725,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $559.41
  • 6 Days on Market
  • MLS # : 200051292
  • Updated Date : 11/12/2020 at 03:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Homedreams

Listing Agent's Description

Single story home 4 bed 2 bath 2 car garage with great room and fireplace, below ground pool in convenient location of Birdland Serra Mesa. Close to freeway 163/15. Minutes to Sharp Medical, bay, beaches, fashion, mission valley shopping and downtown. Must see! Seller moving out of state.

SEE MORE

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: Birdland

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $204k621k

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

Neighborhood: Birdland

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14752982

* 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
Fletcher Elementary School Primary Regular 243 10 8
Montgomery Middle School Middle Regular 475 27 3
Kearney High School High Magnet 322 16 6

Fletcher Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 10
8
GreatSchools Rating

Montgomery Middle School

  • Education Level: Middle
  • # of students: 475
  • # of teachers: 27
3
GreatSchools Rating

Kearney High School

  • Education Level: High
  • # of students: 322
  • # of teachers: 16
6
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,675
Property Tax -$704
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$918

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.

$725,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,445

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
  • $2,674

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,9004$3,495
$3,495
RENT COMPS ANALYSIS
  • 2034 Talon Way San Diego, CA 1
    • 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6921 Sperry Ct San Diego, CA 2
    • 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1946
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.10
    •  
  • 8971 Earhart San Diego, CA 3
    • 4 beds 2 baths ∙ 1,497 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,497 Sqft ∙ Built 1958
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.94
    •  
  • 9141 Ronda Avenue San Diego, CA 4
    • 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 1960
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.15
    •  
PROPERTY LISTING DETAILS
Frans Vanleeuwen
1.619.985.7252
Homedreams
BESbswy