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3642 Tavara Circle San Diego, CA 92117

5 Beds 5 Baths 3,322 sqft Built 2018

$1,850,000

List Price

$6,730

$6.5K - $7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $556.89
  • 5 Days on Market
  • MLS # : 210004760
  • Updated Date : 02/25/2021 at 19:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,322 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Where modern meets timeless! This spectacular former model home is being offered fully furnished with designer furniture and upgrades beyond compare! Light, bright spaces flow one into another with ease. Custom built-ins throughout, 10-foot ceilings, a phenomenal gourmet kitchen with an eat-in expansive center island. The large, rear yard is an entertainer’s dream! Boasting a vanishing-edge pool/spa all with spectacular views to the lush green land reserve below. Enjoy the benefit of Mission Bay as your playground, just minutes away! Please see supplement for more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Bay Ho

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Bay Ho

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Cadman Elementary School Primary Regular 183 8 7
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Cadman Elementary School

  • Education Level: Primary
  • # of students: 183
  • # of teachers: 8
7
GreatSchools Rating

Marston Middle School

  • Education Level: Middle
  • # of students: 739
  • # of teachers: 31
6
GreatSchools Rating

Clairemont High School

  • Education Level: High
  • # of students: 1,067
  • # of teachers: 55
6
GreatSchools Rating
 

$1,665,000$2,035,000$1,850,000

PURCHASE PRICE

$6,057$7,403$6,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,730
EXPENSES Loan Payment -$6,426
Property Tax -$1,793
Property Insurance -$111
HOA -$180
Property Management Fees -$129
CASH FLOW
-$1,908

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.

$1,850,000

PROJECTED PRICE

$6,730

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.3%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$496,000

INVESTMENT

$496,000

Down Payment
$462,500
Rehab Estimate
$5,750
Closing Costs
$27,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,426

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $462,500
Loan Amount $1,387,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$14,549

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
  • $8,305

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9,000
$9,000
RENT COMPS ANALYSIS
  • 3642 Tavara Circle San Diego, CA 1
    • 5 beds 5 baths ∙ 3,322 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,322 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5851 Soledad Mountain Road La Jolla, CA 2
    • 4 beds 4 baths ∙ 3,600 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,600 Sqft ∙ Built 2008
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $9,000
    • $2.50
    •  
PROPERTY LISTING DETAILS
Gregg Neuman
1.619.595.7025
Berkshire Hathaway Homeservice
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004760
Last Updated: 02/25/2021
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