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3987 Santa Nella San Diego, CA 92130

3 Beds 3 Baths 2,201 sqft Built 1986

$1,299,000

List Price

$4,140

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $590.19
  • 4 Days on Market
  • MLS # : 200054864
  • Updated Date : 01/03/2021 at 02:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,201 sqft
  • Baths : 3 full
Listing Agent

Pacific Coast Endeavors, Inc.

Listing Agent's Description

We proudly offer this stunning single level home with GRANNY FLAT for sale in beautiful Carmel Valley. Come view a home that will help you to remember what true pride of ownership looks like. Every inch of this property, inside and out, has been tended to. With an all new kitchen, baths, flooring, lighting, appliances, window, doors, water filtration system, solar, two 240V electric car charging boxes, exterior painted with termite resistant paint which also improve energy efficiency, the list goes on!

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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: Torrey Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Torrey Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Carmel Del Mar School Primary Regular 560 26 10
Carmel Del Mar School Middle Regular 560 26 10
Torrey Pines High School High Regular 2,752 103 10

Carmel Del Mar School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 26
10
GreatSchools Rating

Carmel Del Mar School

  • Education Level: Middle
  • # of students: 560
  • # of teachers: 26
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$4,793
Property Tax -$1,252
Property Insurance -$83
Property Management Fees -$129
CASH FLOW
-$2,116

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,299,000

PROJECTED PRICE

$4,140

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$281

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
  • $4,149

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$4,1004$4,2005$4,400
$4,400
RENT COMPS ANALYSIS
  • 3987 Santa Nella San Diego, CA 1
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12451 Cavallo Street San Diego, CA 2
    • 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 1991
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.77
    •  
  • 3914 Montefrio Ct. San Diego, CA 3
    • 3 beds 3 baths ∙ 2,056 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,056 Sqft ∙ Built 1986
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.99
    •  
  • 4645 Serenata Place San Diego, CA 4
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1989
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.79
    •  
  • 3955 Saint Agnes Court San Diego, CA 5
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1986
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.99
    •  
PROPERTY LISTING DETAILS
Abigail Carroll
1.619.866.2357
Pacific Coast Endeavors, Inc.
BESbswy