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4802 Barbarossa Dr San Diego, CA 92115

4 Beds 3 Baths 1,924 sqft Built 1954

INVESTimate

$875,000

List Price

$3,750

$3,500 - $4,000

Rent Est.

$935,025  ( +6.86%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $454.78
  • 13 Days on Market
  • MLS # : 200039925
  • Updated Date : 08/20/2020 at 18:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,924 sqft
  • Baths : 3 full
Listing Agent

Fine & Coastal Real Estate

Listing Agent's Description

Property features a main house (3 bed/2 bath) and a multi-room guest house studio with full bath. The recently remodeled kitchen offers quartz countertops, glass tile backsplash, new stainless steel appliances including a Z-line Professional Series gas range, and new refrigerator. The three full bathrooms are upgraded with newer finishes. The oversized living room features a beautiful tray ceiling, recessed lighting, and brick fireplace with granite hearth.

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: College West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $223k661k

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

Neighborhood: College West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $15143408

* 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
Fay Elementary School Primary Regular 726 27 4
Mann Middle School Middle Regular 760 44 3
Crawford High School High Regular 1,161 59 NA

Fay Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 27
4
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 760
  • # of teachers: 44
3
GreatSchools Rating

Crawford High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 59
NA
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$3,228
Property Tax -$850
Property Insurance -$76
Property Management Fees -$129
CASH FLOW
-$533

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.

$875,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.86%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$39,894

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,750

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $3,223

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,750
$3,750
RENT COMPS ANALYSIS
  • 4802 Barbarossa Dr San Diego, 3
    • 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.95
    •  
  • 5363 West Falls View Drive San Diego, 1
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1952
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.53
    •  
  • 4009 Aragon Dr San Diego, 2
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1955
    LEASED 03/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.82
    •  
PROPERTY LISTING DETAILS
Sarah Ward
1.858.431.6043
Fine & Coastal Real Estate
BESbswy