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5387 Burford Street San Diego, CA 92111

4 Beds 2 Baths 1,849 sqft Built 1985

$1,100,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $594.92
  • 2 Days on Market
  • MLS # : 210001376
  • Updated Date : 01/17/2021 at 04:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates

Listing Agent's Description

Southwest Clairemont located above the Tecolote Golf Course. Spectacular 9,400 square foot lot with panoramic canyon and golf course views. Private quiet culdesac street. Lives like a one level with one of the two master suites located downstairs. Lovely kitchen and baths. Stainless appliances. New microwave. Gas range/oven. Newer central air conditioning. Roof one year old. Jog to Mission Bay. Located within the Holmes Elementary boundary. The new High Tech High Mesa is just down the street.

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: Clairemont Mesa West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Clairemont Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16113384

* 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
Holmes Elementary School Primary Regular 522 19 10
Marston Middle School Middle Regular 739 31 6
Clairemont High School High Regular 1,067 55 6

Holmes Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 19
10
GreatSchools Rating

Marston Middle School

  • Education Level: Middle
  • # of students: 739
  • # of teachers: 31
6
GreatSchools Rating

Clairemont High School

  • Education Level: High
  • # of students: 1,067
  • # of teachers: 55
6
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,821
Property Tax -$1,069
Property Insurance -$74
Property Management Fees -$129
CASH FLOW
-$1,682

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,100,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$173

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
  • $3,388

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,4754$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 5387 Burford Street San Diego, CA 1
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4656 Bay Summit Place San Diego, CA 2
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1982
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.60
    •  
  • 6555 High Knoll Rd San Diego, CA 3
    • 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 1980
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $2.06
    •  
  • 3455 Old Meadow Rd San Diego, CA 4
    • 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1984
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.69
    •  
  • 3772 Vista De La Bahia San Diego, CA 5
    • 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1968 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1968
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.98
    •  
PROPERTY LISTING DETAILS
Jeff Eldridge
1.619.339.7117
Re/max Associates
BESbswy