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4518 Diane Way San Diego, CA 92117

3 Beds 2 Baths 1,112 sqft Built 1965

$769,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $691.55
  • 4 Days on Market
  • MLS # : 200054193
  • Updated Date : 12/19/2020 at 15:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,112 sqft
  • Baths : 2 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

This is a wonderful opportunity to own a home in an ideal cul-de-sac location in highly desirable area in south west Clairmont. The pride of ownership from the original owner shows through out the entire home and in the front and back yards. Recently upgraded LVP flooring and carpet, updated bathrooms, granite kitchen counters, newer central heat and air, 2 car garage with interior access, low maintenance and private back yard are a few features that separate this home from others, a must see!!!!

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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: 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
Sequoia Elementary School Primary Regular 259 10 5
Sequoia Elementary School Middle Regular 259 10 5
Madison High School High Regular 1,161 60 5

Sequoia Elementary School

  • Education Level: Primary
  • # of students: 259
  • # of teachers: 10
5
GreatSchools Rating

Sequoia Elementary School

  • Education Level: Middle
  • # of students: 259
  • # of teachers: 10
5
GreatSchools Rating

Madison High School

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

$692,100$845,900$769,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,837
Property Tax -$745
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$1,307

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.

$769,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.32%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$122

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
  • $2,591

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$3,1504$3,1955$3,200
$3,200
RENT COMPS ANALYSIS
  • 4518 Diane Way San Diego, CA 1
    • 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5402 Balboa Arms Dr #437 San Diego, CA 2
    • 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1971
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.29
    •  
  • 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
    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
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.32
    •  
  • 5349 Diane Ave San Diego, CA 5
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
PROPERTY LISTING DETAILS
Jason Taylor
1.619.322.9621
Windermere Homes & Estates
BESbswy