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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $288.39
- 3 Days on Market
- MLS # : 200053323
- Updated Date : 12/05/2020 at 20:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,514 sqft
- Baths : 2 full , 1 half
Listing Agent
Pacific Sotheby's Int'l Realty
Listing Agent's Description
What buyers have been waiting for this season! Gorgeous, fully renovated gem w/ an incredible layout on a nearly 1/4 acre lot. Located on a quiet cul-de-sac w/ 4 spacious bedrooms, plus an exceptionally large downstairs bonus room w/ separate backyard access that is perfect for entertaining, working or schooling remotely, or a possible guest or additional bedroom. New porcelain tile floors downstairs, impressive new fireplace surround/doors/mantle, & new fixtures & designer paint. See Supplemental Remarks
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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
Zip Code: 92083
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92083
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,040 |
EXPENSES | Loan Payment | -$2,675 |
Property Tax | -$731 | |
Property Insurance | -$90 | |
Property Management Fees | -$129 | |
CASH FLOW
-$585
|
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.
$725,000
PROJECTED PRICE
$3,040
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.15% |
Appreciation Year (1-5) | 6.7% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 4.16% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $181,250 |
Loan Amount | $543,750 |
3.08
YEARS SAVED
$20,516
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
-
$3,268
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.760.500.4771
Pacific Sotheby's Int'l Realty