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4215 Seri St San Diego, CA 92117

3 Beds 2 Baths 1,505 sqft Built 1960

$705,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $468.44
  • 5 Days on Market
  • MLS # : 200052002
  • Updated Date : 11/21/2020 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,505 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This wonderful single story North Clairemont home is close to everything! Conveniently located near Clairemont Town Square with shops and restaurants, easy freeway access, minutes to the bay, beach and more! Well maintained, offering many great features you’ll appreciate. Wood floors; ceiling fans in two bedrooms, living room & family room; vinyl windows; skylights in both bathrooms; huge family room with wood burning stove; remodeled mstr bath with travertine shower; dbl oven & 5 burner gas stove top.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Clairemont

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k642k

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

Neighborhood: North Clairemont

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $15142982

* 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
Field Elementary School Primary Regular 281 13 5
Innovation Middle School Middle Regular 434 19 4
Madison High School High Regular 1,161 60 5

Field Elementary School

  • Education Level: Primary
  • # of students: 281
  • # of teachers: 13
5
GreatSchools Rating

Innovation Middle School

  • Education Level: Middle
  • # of students: 434
  • # of teachers: 19
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 60
5
GreatSchools Rating
 

$634,500$775,500$705,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,601
Property Tax -$683
Property Insurance -$65
Property Management Fees -$129
CASH FLOW
-$288

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.

$705,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$192,575

INVESTMENT

$192,575

Down Payment
$176,250
Rehab Estimate
$5,750
Closing Costs
$10,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,601

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $176,250
Loan Amount $528,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$45,950

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
  • $3,394

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,1504$3,1955$3,400
$3,400
RENT COMPS ANALYSIS
  • 4215 Seri St San Diego, CA 1
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4546 Gila San Diego, CA 2
    • 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1954
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.90
    •  
  • 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
Edith Broyles
1.858.735.9446
Coldwell Banker Realty
BESbswy