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3954 Haines St San Diego, CA 92109

3 Beds 4 Baths 2,050 sqft Built 2016

$1,975,000

List Price

$5,070

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $963.41
  • 10 Days on Market
  • MLS # : 210007252
  • Updated Date : 03/24/2021 at 20:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass

Listing Agent's Description

You will not want to miss this luxurious custom beach house located just two blocks to the bay in beautiful crown point.  Built in 2016 the house feels warm and inviting with an incredible palette of custom tile, flooring and finishes throughout.  You will love the many outdoor patios and decks to enjoy living your best California dream life while taking in the ocean view. Home has an oversized 3 1/2 car garage with opportunity to convert 3rd+ space into a bedroom, office, gym, or movie theatre. Endless possibilities! Did we mention there is a jacuzzi on the roof deck with mood lighting? We can't wait for you to see it!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pacific Beach

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k866k

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

Neighborhood: Pacific Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274083

* 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
Crown Point Elementary School Primary Magnet 398 15 6
Pacific Beach Middle School Middle Regular 581 26 6
Mission Bay High School High Magnet 1,101 54 7

Crown Point Elementary School

  • Education Level: Primary
  • # of students: 398
  • # of teachers: 15
6
GreatSchools Rating

Pacific Beach Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 26
6
GreatSchools Rating

Mission Bay High School

  • Education Level: High
  • # of students: 1,101
  • # of teachers: 54
7
GreatSchools Rating
 

$1,777,500$2,172,500$1,975,000

PURCHASE PRICE

$4,563$5,577$5,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,070
EXPENSES Loan Payment -$6,860
Property Tax -$1,919
Property Insurance -$79
Property Management Fees -$129
CASH FLOW
-$3,916

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.

$1,975,000

PROJECTED PRICE

$5,070

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.1%
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$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$529,125

INVESTMENT

$529,125

Down Payment
$493,750
Rehab Estimate
$5,750
Closing Costs
$29,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$6,860

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $493,750
Loan Amount $1,481,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$51

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
  • $5,453

    COMP ESTIMATED VALUE
  • $2.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,2003$5,500
$5,500
RENT COMPS ANALYSIS
  • 3954 Haines St San Diego, CA 1
    • 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 714 Lido Court San Diego, CA 2
    • 4 beds 4 baths ∙ 2,023 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,023 Sqft ∙ Built 2005
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.57
    •  
  • 1748 Thomas San Diego, CA 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2013
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.75
    •  
PROPERTY LISTING DETAILS
Vidi Henely
1.619.990.7703
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007252
Last Updated: 03/24/2021
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