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4197 Rueda Drive San Diego, CA 92124

5 Beds 3 Baths 2,755 sqft Built 1975

$1,075,000

List Price

$4,150

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $390.20
  • 7 Days on Market
  • MLS # : 210002656
  • Updated Date : 02/05/2021 at 22:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,755 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Lajolla

Listing Agent's Description

You'll love this spacious 5-bedroom home with terrific canyon/valley/mountain views! Have fun and relax at home with the glimmering pool and spa, plus BBQ area with bar! Don't miss the redone kitchen w/ granite, fireplace, bonus room, money-saving solar, RV/boat parking, huge storage room. Pool table and flatscreen are included. Great community with fantastic schools! 3BR/2BA down & 2BR/1BA up.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tierrasanta

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Tierrasanta

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
Tierrasanta Elementary School Primary Regular 472 19 9
De Portola Middle School Middle Regular 969 40 7
Serra High School High Regular 1,796 71 7

Tierrasanta Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 19
9
GreatSchools Rating

De Portola Middle School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 40
7
GreatSchools Rating

Serra High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 71
7
GreatSchools Rating
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,735$4,565$4,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,150
EXPENSES Loan Payment -$3,734
Property Tax -$1,117
Property Insurance -$96
Property Management Fees -$129
CASH FLOW
-$927

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.

$1,075,000

PROJECTED PRICE

$4,150

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.7%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,734

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$16,758

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
  • $4,684

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,200
$4,200
RENT COMPS ANALYSIS
  • 4197 Rueda Drive San Diego, CA 1
    • 5 beds 3 baths ∙ 2,755 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,755 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7479 Comet View Ct San Diego, CA 2
    • 4 beds 2 baths ∙ 2,467 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,467 Sqft ∙ Built 1973
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.70
    •  
PROPERTY LISTING DETAILS
Gary Kent
1.858.457.5368
Keller Williams Realty Lajolla
BESbswy