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5318 Brockbank Pl San Diego, CA 92115

4 Beds 2 Baths 1,529 sqft Built 1964

$765,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $500.33
  • 4 Days on Market
  • MLS # : 200051480
  • Updated Date : 11/12/2020 at 23:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,529 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Move-in ready single level home features a spacious floorplan, fresh paint, new luxury vinyl flooring, new carpet, and updates throughout! The large light and bright living room has a cozy fireplace with floor to ceiling white brick and raised hearth as well as sliding glass door access to the backyard. The upgraded kitchen features wood cabinetry, tile backsplash, stainless steel appliances and opens to a dining area. All of the bedrooms are generously sized and have carpet flooring.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: College East

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $212k621k

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

Neighborhood: College East

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15143228

* 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
Hardy Elementary School Primary Regular 408 15 9
Lewis Middle School Middle Regular 1,042 41 7
Henry High School High Regular 2,437 97 9

Hardy Elementary School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 15
9
GreatSchools Rating

Lewis Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 41
7
GreatSchools Rating

Henry High School

  • Education Level: High
  • # of students: 2,437
  • # of teachers: 97
9
GreatSchools Rating
 

$688,500$841,500$765,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,823
Property Tax -$743
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
-$300

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.

$765,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$51,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $2.26

    LIST RENT PER SQFT
  • $2,997

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,3004$3,4005$3,460
$3,460
RENT COMPS ANALYSIS
  • 5318 Brockbank Pl San Diego, CA 5
    • 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $2.26
    •  
  • 5652 Campanile San Diego, CA 1
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1963
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.05
    •  
  • 5673 Barclay Ave San Diego, CA 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1957
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.80
    •  
  • 6390 Belle Glade Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.01
    •  
  • 5418 Hewlett Drive San Diego, CA 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1958
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.98
    •  
PROPERTY LISTING DETAILS
Tamara Markey
1.619.370.3256
Redfin Corporation
BESbswy