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4398 Murrieta San Diego, CA 92154

4 Beds 2 Baths 1,336 sqft Built 1971

$595,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $445.36
  • 6 Days on Market
  • MLS # : 200051932
  • Updated Date : 11/17/2020 at 22:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,336 sqft
  • Baths : 2 full
Listing Agent

Hutchins Braudaway Realty

Listing Agent's Description

LARGE LOT HOME WITH GREAT VIEWS OF CANYON, CLOSE TO ALL ,SCHOOLS, PARKS ,SHOPPING ,FREEWAYS . 4 BEDROOM 2 BATH .

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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: Otay Mesa West

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $186k621k

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

Neighborhood: Otay Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13532982

* 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
Myrtle S. Finney Elementary School Primary Regular 380 17 7
Myrtle S. Finney Elementary School Middle Regular 380 17 7
Montgomery High School High Regular 1,723 63 4

Myrtle S. Finney Elementary School

  • Education Level: Primary
  • # of students: 380
  • # of teachers: 17
7
GreatSchools Rating

Myrtle S. Finney Elementary School

  • Education Level: Middle
  • # of students: 380
  • # of teachers: 17
7
GreatSchools Rating

Montgomery High School

  • Education Level: High
  • # of students: 1,723
  • # of teachers: 63
4
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,195
Property Tax -$567
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$692

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.

$595,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,593

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
  • $2,452

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4398 Murrieta San Diego, CA 1
    • 4 beds 2 baths ∙ 1,336 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,336 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 862 Picador San Diego, CA 2
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1985
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.71
    •  
  • 1748 Regency Way #d Chula Vista, CA 3
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1972
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.86
    •  
  • 1508 Concord Way #c Chula Vista, CA 4
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1988
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.80
    •  
  • 911 Kostner Dr San Diego, CA 5
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1973
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.97
    •  
PROPERTY LISTING DETAILS
George Braudaway
1.619.778.2591
Hutchins Braudaway Realty
BESbswy