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5234 Channing 
San Diego, CA
92117
4 Beds 3 Baths 2,359 sqft
Built 1985
INVESTimate
$750,000
List Price
$204,500
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $317.93
- 3 Days on Market
- MLS # : 200040919
- Updated Date : 08/24/2020 at 18:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,359 sqft
- Baths : 3 full
Listing Agent
Hna Realty, Inc.
Listing Agent's Description
Centralized location in Clairemont mesa within minutes from convoy business area. Property can easily has access to the 52 and 805 freeway and its unique location provide little or no freeway noise. Walking distance to Madison high school. Owner added approximately 800sqft of living space with permit. Perfect home for a family and extended family member.
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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: Clairemont Mesa East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clairemont Mesa East
* 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 | $4,100 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$727 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$391
|
||
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.
$750,000
PROJECTED PRICE
$4,100
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 7.43% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
10.33
YEARS SAVED
$131,504
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
-
$4,164
COMP ESTIMATED VALUE -
$1.77
COMP AVG. RENT PER SQFT
Comps Range
-
5234 Channing San Diego, 1
- 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3455 Old Meadow Rd San Diego, 2
- 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1984
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $3,500
- $1.69
-
4780 Cobb Dr San Diego, 3
- 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1965
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $4,000
- $1.84
PROPERTY LISTING DETAILS
1.619.788.6988
Hna Realty, Inc.
