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5345 Vickie Dr San Diego, CA 92109

4 Beds 2 Baths 2,013 sqft Built 1966

$1,500,000

List Price

$4,650

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $745.16
  • 4 Days on Market
  • MLS # : 210004952
  • Updated Date : 02/26/2021 at 00:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,013 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Lajolla

Listing Agent's Description

You'll love this classic home on a quiet dead-end street in an idyllic, charming north P.B. neighborhood! Offers family room, large sunny California room, flexible floorplan with 2BR/1BA upstairs, 2BR/1BA downstairs, 2-car garage. Great P.B. schools & 5 minutes to the beach! Ready for you to update into your dream home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: La Jolla Alta

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $233k1419k

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

Neighborhood: La Jolla Alta

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500500055006000Rent in $16276039

* 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
Sessions Elementary School Primary Regular 492 19 9
Pacific Beach Middle School Middle Regular 581 26 6
Mission Bay High School High Magnet 1,101 54 7

Sessions Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 19
9
GreatSchools Rating

Pacific Beach Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 26
6
GreatSchools Rating

Mission Bay High School

  • Education Level: High
  • # of students: 1,101
  • # of teachers: 54
7
GreatSchools Rating
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$4,185$5,115$4,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,650
EXPENSES Loan Payment -$5,210
Property Tax -$1,457
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
-$2,224

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.

$1,500,000

PROJECTED PRICE

$4,650

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,650

    LIST RENT
  • $2.31

    LIST RENT PER SQFT
  • $4,620

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,6503$4,6954$4,7505$5,200
$5,200
RENT COMPS ANALYSIS
  • 5345 Vickie Dr San Diego, CA 2
    • 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $2.31
    •  
  • 5568 Caminito Consuelo La Jolla, CA 1
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1971
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.04
    •  
  • 5610 Calle Miramar La Jolla, CA 3
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1978
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $2.28
    •  
  • 5201 Foothill Blvd. San Diego, CA 4
    • 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1974
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.22
    •  
  • 1326 Loring St San Diego, CA 5
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1959
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.64
    •  
PROPERTY LISTING DETAILS
Gary Kent
1.858.457.5368
Keller Williams Realty Lajolla
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004952
Last Updated: 02/26/2021
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