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3054 Calypso Place San Diego, CA 92106

3 Beds 2 Baths 2,340 sqft Built 1971

$1,375,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $587.61
  • 4 Days on Market
  • MLS # : 210007030
  • Updated Date : 03/20/2021 at 19:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,340 sqft
  • Baths : 2 full
Listing Agent

Daca Financial Group

Listing Agent's Description

Custom designed single-story home features 3 large bedrooms and closets and 2 ½ bathrooms with beautiful hardwood flooring throughout. A spacious Living Room features vaulted ceilings with beams, a fireplace and mantle and huge dual-paned windows permitting lots of natural light. Indoor/outdoor living opens onto an expansive covered patio with a private backyard designed for entertaining and mature landscaping and fruit bearing trees. A large, beautiful eat-in kitchen with a bountiful amount of quartz counter space, a pantry, display cabinetry and built-in lighting, also has room for an abundant island boasting tons of storage. Right off the kitchen is a workspace in the Laundry Room and a spacious 2 car Garage with a drive through door and a Bonus Room for crafts, an office or extra bedroom for guest . The driveway alone can accommodate 6 cars. Perfect for entertaining. Located in highly desirable neighborhood of Loma Portal.

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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

Neighborhood: Loma Portal

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $233k982k

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

Neighborhood: Loma Portal

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273926

* 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
 

$1,237,500$1,512,500$1,375,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$4,776
Property Tax -$1,336
Property Insurance -$86
Property Management Fees -$129
CASH FLOW
-$1,797

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.

$1,375,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.5%
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$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$370,125

INVESTMENT

$370,125

Down Payment
$343,750
Rehab Estimate
$5,750
Closing Costs
$20,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,776

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $343,750
Loan Amount $1,031,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,530

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $4,571

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,5003$4,5304$5,500
$5,500
RENT COMPS ANALYSIS
  • 3054 Calypso Place San Diego, CA 3
    • 3 beds 2 baths ∙ 2,340 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,340 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $4,530
    • $1.94
    •  
  • 3550 Wawona Dr San Diego, CA 1
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 1980
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.82
    •  
  • 1474 Liggett Way San Diego, CA 2
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1957
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.89
    •  
  • 3126 Russell Street San Diego, CA 4
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1975
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.15
    •  
PROPERTY LISTING DETAILS
David Afzal
1.858.560.0366
Daca Financial Group
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007030
Last Updated: 03/20/2021
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