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5315 Barstow St. San Diego, CA 92117

4 Beds 2 Baths 1,923 sqft Built 1959

$845,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $439.42
  • 4 Days on Market
  • MLS # : 200052193
  • Updated Date : 11/20/2020 at 17:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,923 sqft
  • Baths : 2 full
Listing Agent

Navigation Realty

Listing Agent's Description

This tastefully remodeled north Clairemont home is centrally located close to schools, shopping and minutes to the beach. Make it a 4/2 or 3/2 with an extra large family room. There are 3 walk-in closets, a secret room, gorgeous granite kitchen, tons of storage. Oversize yard has mature fruit trees, Tuff shed and room for a pool. Solar owned! Average SDGE $14 gas per mo. $100 elec. per yr. Turf installed in front yard. Upgraded windows and doors, regular pest mgmt, Ring, Simply Safe and a 1 car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Clairemont

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k642k

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

Neighborhood: North Clairemont

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
Hawthorne Elementary School Primary Regular 296 10 5
Innovation Middle School Middle Regular 434 19 4
Madison High School High Regular 1,161 60 5

Hawthorne Elementary School

  • Education Level: Primary
  • # of students: 296
  • # of teachers: 10
5
GreatSchools Rating

Innovation Middle School

  • Education Level: Middle
  • # of students: 434
  • # of teachers: 19
4
GreatSchools Rating

Madison High School

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

$760,500$929,500$845,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,118
Property Tax -$819
Property Insurance -$76
Property Management Fees -$129
CASH FLOW
-$561

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.

$845,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.4%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,118

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$34,226

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
  • $4,332

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$3,7504$3,9505$4,100
$4,100
RENT COMPS ANALYSIS
  • 5315 Barstow St. San Diego, CA 1
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4918 Gaylord Dr. San Diego, CA 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1973
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.18
    •  
  • 4818 Royal Greens Pl San Diego, CA 3
    • 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
    •  
  • 5002 Mount Harris Dr San Diego, CA 4
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1958
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.22
    •  
  • 5365 Crisp Ct San Diego, CA 5
    • 5 beds 3 baths ∙ 1,771 Sqft ∙ Built 1965 5 beds 3 baths ∙ 1,771 Sqft ∙ Built 1965
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.32
    •  
PROPERTY LISTING DETAILS
Kristin Ryner
1.858.603.0278
Navigation Realty
BESbswy