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3530 Clavelita Street San Diego, CA 92154

3 Beds 2 Baths 1,713 sqft Built 1977

$624,995

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $364.85
  • 4 Days on Market
  • MLS # : 210006969
  • Updated Date : 03/18/2021 at 22:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 full
Listing Agent

Cal State Realty Services

Listing Agent's Description

HIGHLY UPGRADED SINGLE STORY CENTRALLY LOCATED WITH AMAZING CABANA FOR ENTERTAINING. HOME FEATURES OWNED SOLAR, REMODELED DUAL PANE WINDOWS, RECESSED LIGHTING, KITCHEN, STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, TILE FLOORS, GIANT FAMILY ROOM WITH VAULTED CEILINGS, TILE SHOWERS AND CEILING FANS IN ALL BEDROOMS. 3 TIER BACKYARD WITH STORAGE SHED, PATIO, CONCRETE PAD FOR SPA, CABANA, AND LOOKING POINT WITH VIEWS OF THE CITY. SEPARATE LIVING ROOM, DINING ROOM AND FAMILY ROOM PERFECT FOR ENTERTAINING!

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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: 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
Montgomery Middle School Middle Regular 888 37 4
Montgomery High School High Regular 1,723 63 4

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
 

$562,496$687,495$624,995

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,171
Property Tax -$612
Property Insurance -$70
Property Management Fees -$129
CASH FLOW
-$352

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.

$624,995

PROJECTED PRICE

$2,630

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,374

INVESTMENT

$171,374

Down Payment
$156,249
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,249
Loan Amount $468,746
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$23,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,659

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,6003$2,6304$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 3530 Clavelita Street San Diego, CA 3
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.54
    •  
  • 1536 Smythe Ave San Ysidro, CA 1
    • 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1993
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.56
    •  
  • 719 Ruthupham San Diego, CA 2
    • 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1971
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.46
    •  
  • 895 Narwhal San Diego, CA 4
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1970
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.64
    •  
  • 3678 Plumbago Ln San Diego, CA 5
    • 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1971
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.55
    •  
PROPERTY LISTING DETAILS
Justin Roberts
1.619.851.1677
Cal State Realty Services
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006969
Last Updated: 03/18/2021
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