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

6099 Portobelo Ct San Diego, CA 92124

3 Beds 3 Baths 1,930 sqft Built 1979

$749,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $388.08
  • 7 Days on Market
  • MLS # : 210002086
  • Updated Date : 01/30/2021 at 16:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,930 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Condo Showroom

Listing Agent's Description

WOW, this is the one! DETACHED, move in ready home in desirable Tierrasanta! Kumeyaay Elem, freeway close, OFFICE space in MBR! Community offers clubhouse, pool, tennis courts and hiking trails. Open floorplan, plenty of natural light, two sliding doors to the beautiful back yard. Newer paint, carpet, windows, blinds, plantation shutters, crown molding, water heater. Remodeled kitchen! Jack n Jill bathroom with remodeled tub/shower. Solar panels, fenced backyard, playset conveys!

SEE MORE

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: Tierrasanta

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Tierrasanta

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Kumeyaay Elementary School Primary Regular 472 17 9
De Portola Middle School Middle Regular 969 40 7
Serra High School High Regular 1,796 71 7

Kumeyaay Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 17
9
GreatSchools Rating

De Portola Middle School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 40
7
GreatSchools Rating

Serra High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 71
7
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,602
Property Tax -$726
Property Insurance -$76
HOA -$330
Property Management Fees -$129
CASH FLOW
-$462

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.

$749,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$21,774

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
  • $3,677

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,500
$3,500
RENT COMPS ANALYSIS
  • 6099 Portobelo Ct San Diego, CA 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5482 Rebolla Lane San Diego, CA 2
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1979
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
  • 4575 La Cuenta Dr San Diego, CA 3
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1978
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.93
    •  
PROPERTY LISTING DETAILS
Peter Caruso
1.619.708.5478
The Condo Showroom
BESbswy