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5269 Reynolds St San Diego, CA 92114

3 Beds 3 Baths 1,528 sqft Built 1953

$565,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $369.76
  • 4 Days on Market
  • MLS # : 210004297
  • Updated Date : 02/19/2021 at 05:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 3 full
Listing Agent

San Diego Sunrise Realty

Listing Agent's Description

This lovely house offers a new heating system and new water heater! The huge 21 by 16 living room with a fireplace. Beautiful and functional kitchen with granite countertop and stainless steel appliances, 2 lazy Susan. Large master bedroom with a ensuite bathroom and an oversized shower area. 5 years old Dual-pane windows. A huge back yard with fruit trees, perfect for kids playing. Garage converted to an ADU, with a large kitchen, beautiful granite countertop. A huge bedroom and an ensuite bathroom. It's perfect for tenant or in-laws. ADU cost about $40,000.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Knox Middle School Middle Regular 580 28 2
Lincoln High School High Regular 1,516 72 3
Knox Middle School Middle Unknown NA

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

Knox Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,962
Property Tax -$549
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
$294

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.

$565,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$82,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $3,446

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$3,0003$3,100
$3,100
RENT COMPS ANALYSIS
  • 5269 Reynolds St San Diego, CA 2
    • 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.96
    •  
  • 129 South San Jacinto Dr San Diego, CA 1
    • 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1951
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $2.15
    •  
  • 5504 Roanoke St San Diego, CA 3
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1957
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.36
    •  
PROPERTY LISTING DETAILS
Rebecca Zhao
1.858.376.3666
San Diego Sunrise Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004297
Last Updated: 02/19/2021
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