Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5172 Emerald Cove San Diego, CA 92154

4 Beds 3 Baths 2,159 sqft Built 2005

$680,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $314.96
  • 4 Days on Market
  • MLS # : 200051528
  • Updated Date : 11/14/2020 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,159 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Sd Metro

Listing Agent's Description

Immaculate Westport at Pacific Cove 4 bedroom beauty with oversized backyard and east facing hilltop views. Lovingly maintained, this home boasts formal entry, rich toned wood laminate flooring, freshly painted interior, spacious great room with fireplace plus formal living and dining rooms. All 4 bedrooms plus laundry room are located upstairs. The pool-sized backyard features stamped concrete patio and mature palms. Finished garage offers epoxy coat floor plus ample storage and gated side yard access.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ocean Crest

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k626k

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

Neighborhood: Ocean Crest

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $15142982

* 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
Ocean View Hills School Primary Regular 682 27 6
Ocean View Hills School Middle Regular 682 27 6
San Ysidro High School High Regular 2,460 86 5

Ocean View Hills School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 27
6
GreatSchools Rating

Ocean View Hills School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 27
6
GreatSchools Rating

San Ysidro High School

  • Education Level: High
  • # of students: 2,460
  • # of teachers: 86
5
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,509
Property Tax -$812
Property Insurance -$81
HOA -$90
Property Management Fees -$129
CASH FLOW
-$461

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.

$680,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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$25k

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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$25,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,422

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,075
1$3,0752$3,1603$3,2004$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 5172 Emerald Cove San Diego, CA 2
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.46
    •  
  • 5180 Seaglen Way San Diego, CA 1
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 2002
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $1.58
    •  
  • 1207 Paseo Seashore #77 San Diego, CA 3
    • 4 beds 4 baths ∙ 2,034 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,034 Sqft ∙ Built 2017
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.57
    •  
  • 1252 Paseo Sea Breeze #8 San Diego, CA 4
    • 4 beds 4 baths ∙ 2,034 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,034 Sqft ∙ Built 2017
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.62
    •  
  • 5178 Westport View Dr San Diego, CA 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
Stephanie Jensen
1.619.672.1960
Keller Williams Sd Metro
BESbswy