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5051 Zimmer Cove San Diego, CA 92130

5 Beds 5 Baths 3,516 sqft Built 1995

$1,895,000

List Price

$5,910

$5.7K - $6.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $538.96
  • 3 Days on Market
  • MLS # : 200054323
  • Updated Date : 12/19/2020 at 18:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,516 sqft
  • Baths : 4 full , 1 half
Listing Agent

Chase Pacific

Listing Agent's Description

Gorgeous 2-story home on desirable cul-de-sac in prestigious Carmel Valley. Home is filled with pride to live & entertain due to its many amenities: double door entry, winding staircase, step-down liv rm with fireplace & beautiful wood flrs. Four sets of French doors lead to private backyard, pool, spa & patio. Evening sunsets! Kitchen features center island, granite counter tops, double ovens, microwave & built-in refrig. Downstairs br & ba. Lg master suite. Walking distance to schools! See Supplement!!

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: Torrey Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Torrey Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Ashley Falls School Primary Regular 418 20 9
Ashley Falls School Middle Regular 418 20 9
Torrey Pines High School High Regular 2,752 103 10

Ashley Falls School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 20
9
GreatSchools Rating

Ashley Falls School

  • Education Level: Middle
  • # of students: 418
  • # of teachers: 20
9
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,705,500$2,084,500$1,895,000

PURCHASE PRICE

$5,319$6,501$5,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,910
EXPENSES Loan Payment -$6,992
Property Tax -$1,816
Property Insurance -$116
Property Management Fees -$129
CASH FLOW
-$3,142

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.

$1,895,000

PROJECTED PRICE

$5,910

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$507,925

INVESTMENT

$507,925

Down Payment
$473,750
Rehab Estimate
$5,750
Closing Costs
$28,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$6,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $473,750
Loan Amount $1,421,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$313

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
  • $5,889

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,5003$5,7004$5,9005$5,950
$5,950
RENT COMPS ANALYSIS
  • 5051 Zimmer Cove San Diego, CA 1
    • 5 beds 5 baths ∙ 3,516 Sqft ∙ Built 1995 5 beds 5 baths ∙ 3,516 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4978 Mcgill Way San Diego, CA 2
    • 5 beds 5 baths ∙ 3,516 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,516 Sqft ∙ Built 1993
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.56
    •  
  • 6179 Valerian Vista Place San Diego, CA 3
    • 5 beds 4 baths ∙ 3,218 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,218 Sqft ∙ Built 2011
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $1.77
    •  
  • 13195 Seagrove St San Diego, CA 4
    • 6 beds 5 baths ∙ 3,656 Sqft ∙ Built 1997 6 beds 5 baths ∙ 3,656 Sqft ∙ Built 1997
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $1.61
    •  
  • 5850 Aster Meadows Place San Diego, CA 5
    • 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2006
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,950
    • $1.76
    •  
PROPERTY LISTING DETAILS
Cheryl Berkson
1.858.922.3720
Chase Pacific
BESbswy