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2750 Laning Rd San Diego, CA 92106

3 Beds 3 Baths 2,305 sqft Built 2004

$1,225,000

List Price

$5,220

$5K - $5.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $531.45
  • 11 Days on Market
  • MLS # : 200050315
  • Updated Date : 10/30/2020 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,305 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Shows like a model! This Beacon Point Plan 2 in Liberty Station is highly upgraded throughout featuring slate and wood flooring, shiplap walls in the dining room and kitchen island, flagstone front walkway, porch and patio area with custom built BBQ area and water feature. The kitchen with white cabinets, granite counters and SS Kitchen Aid appliances opens to the livingroom and dining area with fireplace and custom wood mantel. Spacious master suite with sitting area, fireplace and walk in closet.

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: Liberty Station

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1068k

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

Neighborhood: Liberty Station

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500Rent in $16274829

* 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
Loma Portal Elementary School Primary Regular 434 16 8
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Loma Portal Elementary School

  • Education Level: Primary
  • # of students: 434
  • # of teachers: 16
8
GreatSchools Rating

Correia Middle School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 32
7
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,102,500$1,347,500$1,225,000

PURCHASE PRICE

$4,698$5,742$5,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,220
EXPENSES Loan Payment -$4,520
Property Tax -$1,398
Property Insurance -$85
HOA -$136
Property Management Fees -$129
CASH FLOW
-$1,048

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.

$1,225,000

PROJECTED PRICE

$5,220

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.9%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$330,375

INVESTMENT

$330,375

Down Payment
$306,250
Rehab Estimate
$5,750
Closing Costs
$18,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,520

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $306,250
Loan Amount $918,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$26,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,220

    LIST RENT
  • $2.26

    LIST RENT PER SQFT
  • $6,177

    COMP ESTIMATED VALUE
  • $2.68

    COMP AVG. RENT PER SQFT
Comps Range
$5,220
1$5,2202$6,700
$6,700
RENT COMPS ANALYSIS
  • 2750 Laning Rd San Diego, CA 1
    • 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $5,220
    • $2.26
    •  
  • 3450 Lowell San Diego, CA 2
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,700
    • $2.68
    •  
PROPERTY LISTING DETAILS
Leigh Ann Elledge
1.619.203.3012
Berkshire Hathaway Homeservice
BESbswy