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5862 Schuyler St San Diego, CA 92139

3 Beds 2 Baths 1,156 sqft Built 1951

INVESTimate

$469,900

List Price

$2,560

$2,310 - $2,810

Rent Est.

$498,752  ( +6.14%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $406.49
  • 5 Days on Market
  • MLS # : 200040732
  • Updated Date : 08/24/2020 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,156 sqft
  • Baths : 2 full
Listing Agent

Century 21 Award

Listing Agent's Description

Wow!! Beautiful 3 bedroom 2 bath home sitting on a 8600 sqft lot!! This is a must see! Great curve appeal. The possibilities are endless! Open and spacious living room, kitchen, dining area, covered patio and detached garage. It has plenty of room for your family to grow. Located near schools, shopping centers, parks and freeways this home has it all and it will not last long on the market. This is a great opportunity for you to call it home!

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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: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $187k621k

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

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542982

* 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
Paradise Hills Elementary School Primary Regular 299 12 4
Bell Middle School Middle Regular 912 44 3
Morse High School High Regular 1,808 83 5

Paradise Hills Elementary School

  • Education Level: Primary
  • # of students: 299
  • # of teachers: 12
4
GreatSchools Rating

Bell Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 44
3
GreatSchools Rating

Morse High School

  • Education Level: High
  • # of students: 1,808
  • # of teachers: 83
5
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,734
Property Tax -$456
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
$185

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$469,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.14%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$73,800

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
  • $2,867

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,300
$3,300
RENT COMPS ANALYSIS
  • 5862 Schuyler St San Diego, 1
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1914 Altamont Ct San Diego, 2
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1971
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.45
    •  
  • 5504 Roanoke St San Diego, 3
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1957
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.51
    •  
PROPERTY LISTING DETAILS
Edna Mitchell
1.619.565.0124
Century 21 Award
BESbswy