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4945 Elm St San Diego, CA 92102

3 Beds 1 Baths 1,046 sqft Built 1952

$525,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $501.91
  • 3 Days on Market
  • MLS # : 200053857
  • Updated Date : 12/12/2020 at 04:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,046 sqft
  • Baths : 1 full
Listing Agent

Active Realty

Listing Agent's Description

Situated in the heart of San Diego, this single story, 3 bedroom, 1 bath home offers great space throughout. Featuring a completely open floor plan with a living room that opens to the dining room, large family room and fully remodeled from floor to ceiling. Huge 2 car garage with extra storage space and backyard shed. The great lot size compliments anyone looking to entertain.

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: 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,937
Property Tax -$510
Property Insurance -$54
Property Management Fees -$129
CASH FLOW
-$340

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.

$525,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.44%

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-$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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$21,645

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
  • $2,497

    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
  • 4945 Elm St San Diego, CA 1
    • 3 beds 1 baths ∙ 1,046 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,046 Sqft ∙ Built 1952
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.47
    •  
PROPERTY LISTING DETAILS
Zandra Ulloa
1.619.736.8008
Active Realty
BESbswy