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4115 Twiggs St San Diego, CA 92110

3 Beds 2 Baths 1,591 sqft Built 1925

$1,395,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $876.81
  • 6 Days on Market
  • MLS # : 210001824
  • Updated Date : 01/22/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,591 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Wonderful single-story charmer in the heart of historic Old Town. Filled with character- Spanish tiles, arched doorways! Spectacular backyard for entertaining with covered patio, fireplace and spa. Gated driveway leads to detached garage which has potential to be converted to a guest house or separate income suite. Conveniently located near shops, restaurants, parks and nightlife. Easy freeway access. Minutes from beaches and downtown. HISTORICAL DESIGNATION with Mills Act in place so taxes are low!

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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: Old Town

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $214k746k

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

Neighborhood: Old Town

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
Dewey Elementary School Primary Regular 354 14 8
Grant Elementary School Middle Regular 718 31 8
Point Loma High School High Regular 1,880 79 8

Dewey Elementary School

  • Education Level: Primary
  • # of students: 354
  • # of teachers: 14
8
GreatSchools Rating

Grant Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 31
8
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$4,845
Property Tax -$1,355
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$2,757

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.

$1,395,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 10.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$45

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
  • $3,659

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,8954$4,200
$4,200
RENT COMPS ANALYSIS
  • 4115 Twiggs St San Diego, CA 1
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3856 Wellborn St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1944
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.06
    •  
  • 2870 Evergreen San Diego, CA 3
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1925
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $2.62
    •  
  • 2186 W California Street San Diego, CA 4
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1943 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1943
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.22
    •  
PROPERTY LISTING DETAILS
Peter Middleton
1.858.258.7383
Exp Realty Of California Inc
BESbswy