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3822 Enero Ct San Diego, CA 92154

3 Beds 2 Baths 1,012 sqft Built 1970

$575,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $568.18
  • 3 Days on Market
  • MLS # : 210001249
  • Updated Date : 01/15/2021 at 22:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,012 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Welcome home! Beautiful 3 bedroom 2 bathroom house in quiet Otay Mesa neighborhood. Walk in to your open floor plan kitchen and living room with new wood-like laminate floorings, updated kitchen, and new stainless steel appliances. Backyard access from kitchen and from master suite. New carpet in bedrooms. Dual pane windows. New sod in front and easily maintained backyard. Ocean line views from backyard on a clear day. Close proximity to 805 freeway, shopping, restaurants, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Silver Wing Elementary School Primary Regular 408 20 7
Silver Wing Elementary School Middle Regular 408 20 7
Montgomery High School High Regular 1,723 63 4

Silver Wing Elementary School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 20
7
GreatSchools Rating

Silver Wing Elementary School

  • Education Level: Middle
  • # of students: 408
  • # of teachers: 20
7
GreatSchools Rating

Montgomery High School

  • Education Level: High
  • # of students: 1,723
  • # of teachers: 63
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,997
Property Tax -$548
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$867

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.

$575,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.32%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$199

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
  • $1,862

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,500
$2,500
RENT COMPS ANALYSIS
  • 3822 Enero Ct San Diego, CA 1
    • 3 beds 2 baths ∙ 1,012 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,012 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 862 Picador San Diego, CA 2
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1985
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.71
    •  
  • 911 Kostner Dr San Diego, CA 3
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1973
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.97
    •  
PROPERTY LISTING DETAILS
Erick Gydesen
1.858.430.8200
Big Block Realty, Inc.
BESbswy