Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4615 Vereda Luz Del Sol San Diego, CA 92130

4 Beds 3 Baths 2,683 sqft Built 2000

$1,325,000

List Price

$4,490

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $493.85
  • 12 Days on Market
  • MLS # : 200049901
  • Updated Date : 11/02/2020 at 01:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,683 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Sunlight flows throughout this contemporary style home that sits at the end of a cul-de-sac and in a quiet neighborhood. A top-of-the-line kitchen with Wolf 6-burner stove/oven, open shelving, stainless fridge and large pantry is ideal for any chef. The oversized, upstairs media room is perfect as a game room, remote office or playroom. A private and tranquil wraparound yard with updated landscaping, multiple patios and retreats, a newer fire pit and water feature add to the idyllic ambiance.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Del Mar Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1296k

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

Neighborhood: Del Mar Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Torrey Hills School Primary Regular 641 28 10
Carmel Valley Middle School Middle Regular 1,531 56 10
Torrey Pines High School High Regular 2,752 103 10

Torrey Hills School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 28
10
GreatSchools Rating

Carmel Valley Middle School

  • Education Level: Middle
  • # of students: 1,531
  • # of teachers: 56
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$4,041$4,939$4,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,490
EXPENSES Loan Payment -$4,889
Property Tax -$1,277
Property Insurance -$95
HOA -$26
Property Management Fees -$129
CASH FLOW
-$1,925

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.

$1,325,000

PROJECTED PRICE

$4,490

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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$3.5M

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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,889

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,977

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
  • $4,514

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,4004$4,5005$4,700
$4,700
RENT COMPS ANALYSIS
  • 4615 Vereda Luz Del Sol San Diego, CA 1
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4639 Vereda Mar Del Sol San Diego, CA 2
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2001
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.58
    •  
  • 4497 Vereda Mar De Ponderosa San Diego, CA 3
    • 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2000
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.70
    •  
  • 10522 Sand Crab Pl San Diego, CA 4
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2002
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.79
    •  
  • 11226 Corte Belleza San Diego, CA 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.66
    •  
PROPERTY LISTING DETAILS
Cindy Ellison
1.858.967.4171
Compass
BESbswy