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

5205 La Paz San Diego, CA 92114

4 Beds 2 Baths 1,358 sqft Built 1960

INVESTimate

$535,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$576,570  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $393.96
  • 6 Days on Market
  • MLS # : 200040603
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,358 sqft
  • Baths : 2 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Welcome home to this 4bed/2bath home located in the heart of San Diego. This house is sure to please with its brand-new paint, brand new carpet, granite countertops, and stainless-steel appliances. This home is equipped with solar. It has a nice backyard with a beautiful deck for entertaining your guests. You will love this house. Come quickly as this house will not last!

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: Valencia Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $183k621k

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

Neighborhood: Valencia Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13362982

* 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
Porter - South Campus Elementary School Primary Regular 1,064 42 2
Knox Middle School Middle Regular 580 28 2
Lincoln High School High Regular 1,516 72 3

Porter - South Campus Elementary School

  • Education Level: Primary
  • # of students: 1,064
  • # of teachers: 42
2
GreatSchools Rating

Knox Middle School

  • Education Level: Middle
  • # of students: 580
  • # of teachers: 28
2
GreatSchools Rating

Lincoln High School

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

$481,500$588,500$535,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,974
Property Tax -$520
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$384

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.

$535,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,275

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,400
$2,400
RENT COMPS ANALYSIS
  • 5205 La Paz San Diego, 1
    • 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.69
    •  
  • 5954 Old Memory Ln San Diego, 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1975
    LEASED 04/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.68
    •  
  • 6525 Bullock San Diego, 3
    • 4 beds 2 baths ∙ 1,434 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,434 Sqft ∙ Built 1979
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Ivan Cazarez
1.760.877.6709
Windermere Homes & Estates
BESbswy