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4702 Mount La Platta Dr San Diego, CA 92117

5 Beds 3 Baths 1,950 sqft Built 1959

$863,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $442.56
  • 3 Days on Market
  • MLS # : 200053823
  • Updated Date : 12/11/2020 at 23:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,950 sqft
  • Baths : 3 full
Listing Agent

Re/max Associates

Listing Agent's Description

Forever views from the kitchen, living room dining area & family room. With 2 en-suites the smaller one is perfect for guest. The large en-suite is separate from the remaining 4 bedrooms. The kitchen upgrades are granite counters, sink, white cabinets to the ceiling, microwave, dishwasher, refrigerator. roof 2010, newer patios w/pavers/fencing/hot tub/landscaping/tankless water heater/200 amp electrical panel. Stucco whole house, Fresh paint in all rooms except one. Harwood floors in entry & living room.

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: Clairemont Mesa East

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $214k621k

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

Neighborhood: Clairemont Mesa East

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
Holmes Elementary School Primary Regular 522 19 10
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Holmes Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 19
10
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
 

$776,700$949,300$863,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,184
Property Tax -$836
Property Insurance -$76
Property Management Fees -$129
CASH FLOW
-$636

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.

$863,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
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-$10k$0.0$10k$20k$30k

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$234,445

INVESTMENT

$234,445

Down Payment
$215,750
Rehab Estimate
$5,750
Closing Costs
$12,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,184

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $215,750
Loan Amount $647,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$30,098

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
  • $4,271

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$3,8954$3,9505$4,100
$4,100
RENT COMPS ANALYSIS
  • 4702 Mount La Platta Dr San Diego, CA 1
    • 5 beds 3 baths ∙ 1,950 Sqft ∙ Built 1959 5 beds 3 baths ∙ 1,950 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4818 Royal Greens Pl San Diego, CA 2
    • 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.29
    •  
  • 3220 Wheat Street San Diego, CA 3
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1965
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.93
    •  
  • 5002 Mount Harris Dr San Diego, CA 4
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1958
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.22
    •  
  • 5365 Crisp Ct San Diego, CA 5
    • 5 beds 3 baths ∙ 1,771 Sqft ∙ Built 1965 5 beds 3 baths ∙ 1,771 Sqft ∙ Built 1965
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.32
    •  
PROPERTY LISTING DETAILS
Trisha Daly
1.858.848.5757
Re/max Associates
BESbswy