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4237 Felton Street San Diego, CA 92104

4 Beds 3 Baths 1,704 sqft Built 1930

INVESTimate

$799,000

List Price

$3,840

$3,590 - $4,090

Rent Est.

$856,528  ( +7.20%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $468.90
  • 10 Days on Market
  • MLS # : 200039692
  • Updated Date : 08/18/2020 at 15:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,704 sqft
  • Baths : 3 full
Listing Agent

Nautilus Real Estate

Listing Agent's Description

A large 1704 Sqft house in North park community. 4 bedroom and 3 full bath. 3 bedrooms and two full bathrooms were added in 2014 with permit. Newer roof, newer AC , newer windows. high ceiling, crown molding , Alley access to the back yard. Extra 250 Sqft enclosed patio. Master bedroom has a large walk in closet.

SEE MORE

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: Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $131k621k

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

Neighborhood: Corridor

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12172982

* 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
Edison Elementary School Primary Regular 575 28 7
Wilson Middle School Middle Regular 621 30 3
Hoover High School High Regular 2,019 97 4

Edison Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 28
7
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 621
  • # of teachers: 30
3
GreatSchools Rating

Hoover High School

  • Education Level: High
  • # of students: 2,019
  • # of teachers: 97
4
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$2,948
Property Tax -$782
Property Insurance -$70
Property Management Fees -$129
CASH FLOW
-$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$799,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.20%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$77,272

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
  • $4,073

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,950
$3,950
RENT COMPS ANALYSIS
  • 4237 Felton Street San Diego, 1
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4688 Vista St. San Diego, 2
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1924 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1924
    LEASED 04/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.39
    •  
PROPERTY LISTING DETAILS
Hui Wang
1.619.651.6876
Nautilus Real Estate
BESbswy