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4324 Huerfano Ave San Diego, CA 92117

3 Beds 2 Baths 1,104 sqft Built 1956

INVESTimate

$810,000

List Price

$2,560

$2,310 - $2,810

Rent Est.

$868,806  ( +7.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $733.70
  • 7 Days on Market
  • MLS # : 200040289
  • Updated Date : 08/25/2020 at 16:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,104 sqft
  • Baths : 2 full
Listing Agent

Dunn, Realtors/park Pacific

Listing Agent's Description

Discover your new home in desirable Bay Ho! Arriving at the top of the hill, you will enter your delightful home with a modern kitchen & updated bathrooms. The spacious living area boasts a fireplace for winter. Also featuring a spacious pool-sized private backyard, ready for those summer barbque's. Walk to Cadman Park & Cadman Elementary School. Convenient to the Beaches, La Jolla, Del Mar, Mission Valley, Downtown, and the new trolley substation. Find out why Bay Ho is fast becoming the go to location!

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: Bay Ho

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Bay Ho

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
Cadman Elementary School Primary Regular 183 8 7
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Cadman Elementary School

  • Education Level: Primary
  • # of students: 183
  • # of teachers: 8
7
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
 

$729,000$891,000$810,000

PURCHASE PRICE

$2,304$2,816$2,560

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

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 $2,560
EXPENSES Loan Payment -$2,989
Property Tax -$751
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$1,363

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.

$810,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.26%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$220,400

INVESTMENT

$220,400

Down Payment
$202,500
Rehab Estimate
$5,750
Closing Costs
$12,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $202,500
Loan Amount $607,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$112

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
  • $2,495

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9753$3,000
$3,000
RENT COMPS ANALYSIS
  • 4324 Huerfano Ave San Diego, 1
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5814 Lord Cecil St San Diego, 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1962
    property image
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.30
    •  
  • 4218 Mount Putman Avenue San Diego, 3
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1961
    property image
    LEASED 03/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.22
    •  
PROPERTY LISTING DETAILS
Fred Giovanetti
1.858.405.6858
Dunn, Realtors/park Pacific
BESbswy