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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $404.19
- 16 Days on Market
- MLS # : 200052337
- Updated Date : 12/05/2020 at 02:41
CONSTRUCTION
- Beds : 5
- Floor Size : 2,098 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Bright and spacious two story home with large living room, fireplace and laminate flooring and formal dining area. Updated kitchen with stainless steel appliances over looking a large yard with grass, patio cover, fire pit and built-in bench around it. Large master bedroom has beautiful view of the mountains and large closet. One bedroom and full bath on main level. Easy access to shops and freeway.
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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: 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 | $3,600 |
| EXPENSES | Loan Payment | -$3,129 |
| Property Tax | -$840 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$578
|
||
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.
$848,000
PROJECTED PRICE
$3,600
PROJECTED RENT
0.42%
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
$230,470
LOAN DETAILS
$3,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,000 |
| Loan Amount | $636,000 |
3.5
YEARS SAVED
$30,616
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,600
LIST RENT -
$1.72
LIST RENT PER SQFT
-
$3,623
COMP ESTIMATED VALUE -
$1.73
COMP AVG. RENT PER SQFT
Comps Range
-
6006 Camino Largo San Diego, CA 2
- 5 beds 3 baths ∙ 2,098 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,098 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $3,600
- $1.72
-
6259 Oakridge San Diego, CA 1
- 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1972
LEASED 09/03/20- Rent
- Rent Per SQFT
- $3,200
- $1.41
-
7464 Comet View Ct San Diego, CA 3
- 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
-
5285 College Gardens Court San Diego, CA 4
- 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1963
LEASED 05/29/20- Rent
- Rent Per SQFT
- $4,200
- $1.84
PROPERTY LISTING DETAILS
1.858.864.6464
Coldwell Banker Realty
