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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $459.87
- 3 Days on Market
- MLS # : 210004402
- Updated Date : 02/19/2021 at 20:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,794 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Fantastic single level home nestled in the hills of Del Cerro! Enter through the newly reimagined front yard outfitted with interlocking pavers, seating area, landscape and tranquil water feature. When entering the home you are greeted with a light filled home finished with beautiful maple flooring throughout. Past the living room is a great room with wonderful view to the west that is ideal for a home office or gym. Features include instant hot water, water filtration system, high-efficient heating & A/C unit with 3 zones, EV outlet, dual pane windows, outdoor video surveillance and security lights...see supplemental remarks for more.
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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: Del Cerro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Del Cerro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,910 |
| EXPENSES | Loan Payment | -$2,866 |
| Property Tax | -$801 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$958
|
||
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.
$825,000
PROJECTED PRICE
$2,910
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.0% |
| 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
$224,375
LOAN DETAILS
$2,866
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $206,250 |
| Loan Amount | $618,750 |
1.17
YEARS SAVED
$3,818
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
-
$3,223
COMP ESTIMATED VALUE -
$1.8
COMP AVG. RENT PER SQFT
Comps Range
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5640 Mill Peak Rd San Diego, CA 1
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1965
- Rent
- Rent Per SQFT
- $0
- $0.00
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5673 Barclay Ave San Diego, CA 2
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1957
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,100
- $1.80
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5363 West Falls View Drive San Diego, CA 3
- 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1952
LEASED 07/19/20- Rent
- Rent Per SQFT
- $3,200
- $1.66
-
7464 Comet View Ct San Diego, CA 4
- 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1973
LEASED 06/16/20- Rent
- Rent Per SQFT
- $3,950
- $1.93
PROPERTY LISTING DETAILS
1.619.987.4851
Compass
MLS #: 210004402
Last Updated: 02/19/2021
