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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $456.52
- 2 Days on Market
- MLS # : 210002549
- Updated Date : 01/30/2021 at 23:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,610 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Opportunity to envision and create. Bring your ideas: start fresh or work with the trendy vaulted wood beam ceilings, updated bathrooms, and bright and private upstairs master suite complete with fireplace and walk-in closet. Master opens onto a spacious deck with a view of the mini canyon. Home is conveniently located to shopping, grocery stores, restaurants, beaches, and freeways.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Clairemont Mesa East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clairemont Mesa East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,360 |
| EXPENSES | Loan Payment | -$2,553 |
| Property Tax | -$712 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$102
|
||
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.
$735,000
PROJECTED PRICE
$3,360
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$200,525
LOAN DETAILS
$2,553
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $183,750 |
| Loan Amount | $551,250 |
6.5
YEARS SAVED
$56,520
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,530
COMP ESTIMATED VALUE -
$2.19
COMP AVG. RENT PER SQFT
Comps Range
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4705 Boxwood Dr San Diego, CA 1
- 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
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4590 Chateau Dr San Diego, CA 2
- 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
-
5270 Kesling St San Diego, CA 3
- 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985
LEASED 08/11/20- Rent
- Rent Per SQFT
- $3,345
- $1.95
-
4932 Cannington Dr. San Diego, CA 4
- 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1977
LEASED 12/18/20- Rent
- Rent Per SQFT
- $3,400
- $2.21
-
4818 Royal Greens Pl San Diego, CA 5
- 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978
LEASED 06/12/20- Rent
- Rent Per SQFT
- $3,750
- $2.29
PROPERTY LISTING DETAILS
1.858.699.6556
Coldwell Banker Realty
