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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $662.62
- 3 Days on Market
- MLS # : 210004453
- Updated Date : 02/20/2021 at 04:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,402 sqft
- Baths : 2 full
Listing Agent
Tng Real Estate Consultants
Listing Agent's Description
Taking offers between $899k-$929k. Come check out this recently updated pool home with Canyon views! Enjoy an expansive backyard with endless opportunity as you walk out of the living room or master bedroom. 4 bed/ 2 bath, single story, accompanied by a 2 car garage with laundry/ utility room. Updates in 2017 include; new concrete deck around pool, plaster, coping, and pool equipment, updated electrical including panel and a thoughtfully upgraded interior. This home is just waiting for your personal touches, hurry this won't last!
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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: North Clairemont
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Clairemont
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,170 |
| EXPENSES | Loan Payment | -$3,227 |
| Property Tax | -$900 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,148
|
||
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.
$929,000
PROJECTED PRICE
$3,170
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$251,935
LOAN DETAILS
$3,227
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $232,250 |
| Loan Amount | $696,750 |
0.92
YEARS SAVED
$3,382
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,165
COMP ESTIMATED VALUE -
$2.26
COMP AVG. RENT PER SQFT
Comps Range
-
5349 Diane San Diego, CA 1
- 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4590 Chateau Dr San Diego, CA 2
- 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1965
LEASED 10/08/19- Rent
- Rent Per SQFT
- $3,195
- $2.32
-
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
-
5396 Sunglow Ct San Diego, CA 4
- 4 beds 3 baths ∙ 1,644 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,644 Sqft ∙ Built 1982
LEASED 09/14/20- Rent
- Rent Per SQFT
- $3,495
- $2.13
-
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
1.360.600.7996
Tng Real Estate Consultants
MLS #: 210004453
Last Updated: 02/20/2021
