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3678 Shooting Star Dr San Diego, CA 92173

4 Beds 2 Baths 1,531 sqft Built 1978

$630,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $411.50
  • 1 Days on Market
  • MLS # : 210019578
  • Updated Date : 07/13/2021 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,531 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Beautiful one story single family home with no HOA or Mello-Roos. Light and bright. Built as a 4 bedroom 2 bath. Previous owners took down one wall and house is now showing as a 3 bedroom/2 bath. Present owner can put back up with right offer. Spacious rooms. Formal dining area. Newer plank tile floors. Remodeled bathrooms. Kitchen boasts, new cabinets. Counter tops and appliances. New roof. Newer heater. Newer garage door& garage door opener. Attached 2 car garage with lot of storage. This is not a flip. The owner is downsizing. Fully Gated home with plenty room for RV or boat parking. The area behind the rear gate does not belong to this property.

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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: San Ysidro

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $184k621k

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

Neighborhood: San Ysidro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542982

* 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
Smythe Elementary School Primary Regular 693 27 3
San Ysidro Middle School Middle Regular 573 18 3
San Ysidro High School High Regular 2,460 86 5

Smythe Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 27
3
GreatSchools Rating

San Ysidro Middle School

  • Education Level: Middle
  • # of students: 573
  • # of teachers: 18
3
GreatSchools Rating

San Ysidro High School

  • Education Level: High
  • # of students: 2,460
  • # of teachers: 86
5
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,188
Property Tax -$632
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
-$485

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.

$630,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.2%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$14,350

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
  • $2,450

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,700
$2,700
RENT COMPS ANALYSIS
  • 3678 Shooting Star Dr San Diego, CA 1
    • 4 beds 2 baths ∙ 1,531 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,531 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1536 Smythe Ave San Ysidro, CA 2
    • 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
    •  
  • 895 Narwhal San Diego, CA 3
    • 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
    •  
PROPERTY LISTING DETAILS
Negar Mirgoli
1.619.200.8363
Big Block Realty, Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210019578
Last Updated: 07/13/2021
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