Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4215 Mount Putman Ave Clairemont, CA 92117

4 Beds 2 Baths 1,352 sqft Built 1961

$779,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $576.18
  • 5 Days on Market
  • MLS # : 200050277
  • Updated Date : 10/30/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

Leon Dienes & Associates

Listing Agent's Description

This terrific canyon view home is nestled in the coveted Mount Streets & offers views through the kitchen & living room right as you walk in. Upgrades include, a newer roof, laminate wood flooring, recessed lighting, dual pane windows & an updated furnace complete w/ AC. The hall bathroom has been tastefully remodeled w/ a gorgeous walk-in travertine shower & new vanity. The living room features a charming brick fireplace. There's easy low maintenance landscaping & great curb appeal. Welcome home!

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: Clairemont Mesa West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Clairemont Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16113384

* 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
Holmes Elementary School Primary Regular 522 19 10
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Holmes Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 19
10
GreatSchools Rating

Marston Middle School

  • Education Level: Middle
  • # of students: 739
  • # of teachers: 31
6
GreatSchools Rating

Clairemont High School

  • Education Level: High
  • # of students: 1,067
  • # of teachers: 55
6
GreatSchools Rating
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,874
Property Tax -$756
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$840

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.

$779,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,923

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,980

    LIST RENT
  • $2.2

    LIST RENT PER SQFT
  • $3,181

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,9803$3,1504$3,1955$3,400
$3,400
RENT COMPS ANALYSIS
  • 4215 Mount Putman Ave Clairemont, CA 2
    • 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $2.20
    •  
  • 5402 Balboa Arms Dr #437 San Diego, CA 1
    • 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1971
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.29
    •  
  • 4430 Donald Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1961
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.42
    •  
  • 4590 Chateau Dr San Diego, CA 4
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1965
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.32
    •  
  • 4118 Mount Putman Ave San Diego, CA 5
    • 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1961
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.38
    •  
PROPERTY LISTING DETAILS
Leon Dienes
1.619.379.8649
Leon Dienes & Associates
BESbswy