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2770 Caulfield Dr San Diego, CA 92154

3 Beds 2 Baths 1,342 sqft Built 1967

INVESTimate

$590,000

List Price

$2,340

$2,106 - $2,574

Rent Est.

$637,672  ( +8.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $439.64
  • 4 Days on Market
  • MLS # : 200040825
  • Updated Date : 08/23/2020 at 19:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent

Palm Avenue Realty

Listing Agent's Description

remodeled home! new plumbing/drain system, zoned split air heating and cooling, LED lighting, large patio and deck.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Otay Mesa West

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $186k621k

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

Neighborhood: Otay Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13532982

* 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
Sunnyslope Elementary School Primary Regular 503 25 3
Montgomery Middle School Middle Regular 888 37 4
Montgomery High School High Regular 1,723 63 4

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
3
GreatSchools Rating

Montgomery Middle School

  • Education Level: Middle
  • # of students: 888
  • # of teachers: 37
4
GreatSchools Rating

Montgomery High School

  • Education Level: High
  • # of students: 1,723
  • # of teachers: 63
4
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,177
Property Tax -$583
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$609

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.

$590,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.08%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,969

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,4503$2,650
$2,650
RENT COMPS ANALYSIS
  • 2770 Caulfield Dr San Diego, 1
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.74
    •  
  • 1050 Garland Dr San Diego, 2
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1968
    LEASED 03/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.68
    •  
  • 2125 Madreselva Way San Diego, 3
    • 3 beds 3 baths ∙ 1,640 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,640 Sqft ∙ Built 1985
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.62
    •  
PROPERTY LISTING DETAILS
David Larson
1.619.356.3680
Palm Avenue Realty
BESbswy