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4443 Point Loma Ave San Diego, CA 92107

3 Beds 2 Baths 1,382 sqft Built 1963

$1,200,000

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $868.31
  • 4 Days on Market
  • MLS # : 200054621
  • Updated Date : 12/27/2020 at 00:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,382 sqft
  • Baths : 2 full
Listing Agent

Dana Horne Realty

Listing Agent's Description

Nestled into the hillside overlooking the Pacific Ocean and Ocean Beach, sits this unique cozy home! As you enter the light and bright living room, you'll see the custom-built wood burning fireplace and 2 large picture windows and beautiful wood laminate flooring that guides you throughout most of the home. The partially upgraded kitchen incudes quartz countertops, a backsplash and recently painted cupboards. See supplement for additional features.

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: Sunset Cliffs

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $233k1469k

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

Neighborhood: Sunset Cliffs

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800400042004400Rent in $16274567

* 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
Silver Gate Elementary School Primary Regular 569 21 9
Correia Middle School Middle Regular 838 32 7
Point Loma High School High Regular 1,880 79 8

Silver Gate Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 21
9
GreatSchools Rating

Correia Middle School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 32
7
GreatSchools Rating

Point Loma High School

  • Education Level: High
  • # of students: 1,880
  • # of teachers: 79
8
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$4,427
Property Tax -$1,166
Property Insurance -$62
Property Management Fees -$129
CASH FLOW
-$1,784

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.

$1,200,000

PROJECTED PRICE

$4,000

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.1%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$912

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
  • $4,298

    COMP ESTIMATED VALUE
  • $3.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,8754$4,000
$4,000
RENT COMPS ANALYSIS
  • 4443 Point Loma Ave San Diego, CA 1
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4450 Coronado Ave San Diego, CA 2
    • 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1952
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.92
    •  
  • 1110 Alexandria Dr San Diego, CA 3
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1952
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $3.18
    •  
  • 4246 Coronado Ave San Diego, CA 4
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1947
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.23
    •  
PROPERTY LISTING DETAILS
Dana Horne
1.858.945.3004
Dana Horne Realty
BESbswy