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5159 Manzanares Way 
San Diego, CA
92114
2 Beds 1 Baths 840 sqft
Built 1952
INVESTimate
$425,000
List Price
$118,375
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PROPERTY INFO
FACTS
- Built In 1952
- Price/Sqft : $505.95
- 2 Days on Market
- MLS # : 200041145
- Updated Date : 08/26/2020 at 08:56
CONSTRUCTION
- Beds : 2
- Floor Size : 840 sqft
- Baths : 1 full
Listing Agent
Sanco Properties, Inc.
Listing Agent's Description
Calling all Home searchers and Investors 13,600 square foot large lot to build ADU (see additional documents) in the future or now. Home is located just 5 mins off the 805. Home is tenant occupied, do not distub tenants. Property sold in AS-IS conditions.
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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: Valencia Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valencia Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$413 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$348
|
||
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.
$425,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 7.77% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.17
YEARS SAVED
$12,192
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
-
$1,806
COMP ESTIMATED VALUE -
$2.15
COMP AVG. RENT PER SQFT
Comps Range
-
5159 Manzanares Way San Diego, 1
- 2 beds 1 baths ∙ 840 Sqft ∙ Built 1952 2 beds 1 baths ∙ 840 Sqft ∙ Built 1952
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
631 629 J Ave National City, 2
- 2 beds 1 baths ∙ 750 Sqft ∙ Built 1945 2 beds 1 baths ∙ 750 Sqft ∙ Built 1945
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,800
- $2.40
-
548 West Street San Diego, 3
- 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,900
- $1.90
PROPERTY LISTING DETAILS
1.619.395.4507
Sanco Properties, Inc.
