Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5361 Collier Ave San Diego, CA 92115

3 Beds 2 Baths 1,149 sqft Built 1951

$749,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1951
  • Price/Sqft : $652.65
  • 9 Days on Market
  • MLS # : 200049914
  • Updated Date : 10/29/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This modern, yet charming, East Talmadge home has been fully updated and is ready to be yours. This home sits on a large 8,400 Sqft lot, which is plenty of room for entertaining or putting in a pool. The attention to detail on this home will not go unnoticed, from the wood slat siding to the new roof, there is everything to love. The living space is an open concept, featuring light wood-look floors that flow through the home. Outside, enjoy the shade of the mature trees and an entertainer's dream yard.

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 West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650kPrice in $223k661k

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

Neighborhood: College West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $15143408

* 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
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,767
Property Tax -$729
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$1,380

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.

$749,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$86

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,295

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,3003$2,6004$2,7955$3,000
$3,000
RENT COMPS ANALYSIS
  • 5361 Collier Ave San Diego, CA 2
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.00
    •  
  • 4430 Altadena Ave San Diego, CA 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1939 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1939
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.85
    •  
  • 4305 W Overlook San Diego, CA 3
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1950
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.09
    •  
  • 5841 Hughes St. San Diego, CA 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.00
    •  
  • 5652 Campanile San Diego, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Malynda Clair
1.619.339.8486
Keller Williams Realty
BESbswy