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5288 Kesling San Diego, CA 92117

3 Beds 2 Baths 1,422 sqft Built 1961

$740,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $520.39
  • 7 Days on Market
  • MLS # : 200054701
  • Updated Date : 12/29/2020 at 16:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Cali-land, Inc.

Listing Agent's Description

LOCATION! LOACATION! LOCATION! This stylish remodeled 3 bedroom/2 full bath home is located in the excellent Clairemont neighborhood and features an open floor plan, new designer floors, new appliances, granite counter tops, new lighting, new paint. The highlight of this house is a very spacious living room with plenty of natural lighting. There are window shutters throughout, surrounded by a Japanese garden theme, and a large backyard that is perfect for entertaining. It is close to tons of shopping, r

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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: Clairemont Mesa East

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $214k621k

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

Neighborhood: Clairemont Mesa East

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
Sequoia Elementary School Primary Regular 259 10 5
Sequoia Elementary School Middle Regular 259 10 5
Madison High School High Regular 1,161 60 5

Sequoia Elementary School

  • Education Level: Primary
  • # of students: 259
  • # of teachers: 10
5
GreatSchools Rating

Sequoia Elementary School

  • Education Level: Middle
  • # of students: 259
  • # of teachers: 10
5
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 60
5
GreatSchools Rating
 

$666,000$814,000$740,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,730
Property Tax -$717
Property Insurance -$63
Property Management Fees -$129
CASH FLOW
-$649

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.

$740,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.40%

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$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$18,344

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
  • $3,203

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2004$3,4005$3,750
$3,750
RENT COMPS ANALYSIS
  • 5288 Kesling San Diego, CA 1
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5839 Birkdale Way San Diego, CA 2
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1966
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.22
    •  
  • 5349 Diane Ave San Diego, CA 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
  • 4932 Cannington Dr. San Diego, CA 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1977
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.21
    •  
  • 4818 Royal Greens Pl San Diego, CA 5
    • 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,638 Sqft ∙ Built 1978
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.29
    •  
PROPERTY LISTING DETAILS
Amie Nguyen
1.619.677.4440
Cali-land, Inc.
BESbswy