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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $581.60
- 2 Days on Market
- MLS # : 210001964
- Updated Date : 01/23/2021 at 20:58
CONSTRUCTION
- Beds : 4
- Floor Size : 1,685 sqft
- Baths : 2 full
Listing Agent
Russ Eskilson Real Estate
Listing Agent's Description
Hurry to this well priced 4 bedroom, 2 bath, 1,685 sq ft South Clairemont remodeled home with Tecolote Canyon views! Quiet no traffic street! Modern kitchen cabinets with granite counters & stainless steel appliances! Remodeled bathrooms! Dual pane windows! A/C! Ceiling fans! Plantation shutters! Can lighting! Newer paint! Newer roof! Distressed hardwood blank flooring! Large yard includes two outdoor entertainment areas with view deck, outdoor kitchen & covered patio! Easy freeway access!
SEE MORE
MARKET HIGHLIGHTS
- 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.
- 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]
PRICE & RENT TRENDS
Neighborhood: Clairemont Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clairemont Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,230 |
| EXPENSES | Loan Payment | -$3,404 |
| Property Tax | -$952 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,324
|
||
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.
$980,000
PROJECTED PRICE
$3,230
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$265,450
LOAN DETAILS
$3,404
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $245,000 |
| Loan Amount | $735,000 |
0.42
YEARS SAVED
$1,092
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
-
$2,907
COMP ESTIMATED VALUE -
$1.73
COMP AVG. RENT PER SQFT
Comps Range
-
5397 Via Alcazar San Diego, CA 1
- 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5211 Mount Alifan Dr San Diego, CA 2
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1968
LEASED 12/27/19- Rent
- Rent Per SQFT
- $2,500
- $1.47
-
3772 Vista De La Bahia San Diego, CA 3
- 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
1.619.276.1177
Russ Eskilson Real Estate
