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2844 Mobley Street 
San Diego, CA
92123
3 Beds 2 Baths 1,524 sqft
Built 1961
INVESTimate
$795,000
List Price
$216,425
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PROPERTY INFO
FACTS
- Built In 1961
- Price/Sqft : $521.65
- 2 Days on Market
- MLS # : 200041193
- Updated Date : 08/26/2020 at 08:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,524 sqft
- Baths : 2 full
Listing Agent
Exp Realty Of California Inc
Listing Agent's Description
WELCOME to this BEAUTIFUL MODERN CANYON-VIEW HOME! Nestled in a quaint neighborhood of Serra Mesa in the heart of San Diego & sitting on the rim of a beautiful & expansive wild canyon, this single-story home features over 1,500 s.f. of spacious open floor plan. Enjoy spectacular sunset views over the canyon while lounging, dining or entertaining. The covered patio provides a unique indoor/outdoor living experience while enjoying cool canyon breezes. COME READY to FALL in LOVE with your future HOME!
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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: Serra Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Serra Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$2,933 |
| Property Tax | -$772 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,100
|
||
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.
$795,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 7.62% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$216,425
LOAN DETAILS
$2,933
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $198,750 |
| Loan Amount | $596,250 |
0.67
YEARS SAVED
$2,183
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
-
$2,824
COMP ESTIMATED VALUE -
$1.85
COMP AVG. RENT PER SQFT
Comps Range
-
2844 Mobley Street San Diego, 1
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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8883 Haveteur Way San Diego, 2
- 3 beds 3 baths ∙ 1,728 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,728 Sqft ∙ Built 1958
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LEASED 04/08/19- Rent
- Rent Per SQFT
- $2,750
- $1.59
-
8672 Harjoan Ave San Diego, 3
- 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1962
![property image]()
LEASED 03/13/19- Rent
- Rent Per SQFT
- $2,750
- $2.03
-
8971 Earhart San Diego, 4
- 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
PROPERTY LISTING DETAILS
1.858.354.8939
Exp Realty Of California Inc
