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4856 Date St San Diego, CA 92102

3 Beds 1 Baths 1,008 sqft Built 1951

$549,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $545.54
  • 6 Days on Market
  • MLS # : 200052509
  • Updated Date : 11/28/2020 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 1 full
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

Beautiful, remodeled home with a large, private backyard, a covered patio, and a relaxing spa gazebo. White and bright kitchen with an open concept layout. Dedicated office or 3rd bedroom with French doors to the yard. Lots of natural light throughout. Recent upgrades include remodeled kitchen and bathroom with a walk-in glass shower, all new wiring and lighting, new drip irrigation system, refinished hardwood floors, and new paint throughout.

SEE MORE

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: Webster

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $181k621k

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

Neighborhood: Webster

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542982

* 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
Webster Elementary School Primary Magnet 329 12 4
Webster Elementary School Middle Magnet 329 12 4
Lincoln High School High Regular 1,516 72 3

Webster Elementary School

  • Education Level: Primary
  • # of students: 329
  • # of teachers: 12
4
GreatSchools Rating

Webster Elementary School

  • Education Level: Middle
  • # of students: 329
  • # of teachers: 12
4
GreatSchools Rating

Lincoln High School

  • Education Level: High
  • # of students: 1,516
  • # of teachers: 72
3
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,029
Property Tax -$534
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$485

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$549,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$13,248

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
  • $2,407

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5954$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 4856 Date St San Diego, CA 1
    • 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1953 Rowan Street San Diego, CA 2
    • 3 beds 2 baths ∙ 1,020 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,020 Sqft ∙ Built 1955
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.45
    •  
  • 1012 Bollenbacher San Diego, CA 3
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1958
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $2.26
    •  
  • 2247 Baily San Diego, CA 4
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1960
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.37
    •  
  • 670 Pyramid Street San Diego, CA 5
    • 4 beds 2 baths ∙ 1,174 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,174 Sqft ∙ Built 1958
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.47
    •  
PROPERTY LISTING DETAILS
Francine Finn
1.858.518.5288
Pacific Sotheby's Int'l Realty
BESbswy