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6245 Cabaret St San Diego, CA 92120

4 Beds 2 Baths 1,480 sqft Built 1972

$849,900

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $574.26
  • 5 Days on Market
  • MLS # : 210003537
  • Updated Date : 02/10/2021 at 17:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

This 4 bedroom 2 bath home has everything you are looking for! Features include: a large open concept living room with spacious dining area, completely remodeled kitchen with stainless steel appliances and shaker cabinets, brand new bathrooms, engineered hardwood floors throughout, a gorgeous backyard sitting atop a 6400 sq ft lot with beautiful green grass and two outdoor spaces great for entertaining. Living here you will be close to numerous trails, parks, and wonderful schools. This is home, welcome!

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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: San Carlos

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: San Carlos

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
Dailard Elementary School Primary Regular 534 20 8
Pershing Middle School Middle Regular 701 32 7
Henry High School High Regular 2,437 97 9

Dailard Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 20
8
GreatSchools Rating

Pershing Middle School

  • Education Level: Middle
  • # of students: 701
  • # of teachers: 32
7
GreatSchools Rating

Henry High School

  • Education Level: High
  • # of students: 2,437
  • # of teachers: 97
9
GreatSchools Rating
 

$764,910$934,890$849,900

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,952
Property Tax -$826
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$1,141

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.

$849,900

PROJECTED PRICE

$2,830

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,090

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
  • $2,971

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$3,3004$3,4005$3,675
$3,675
RENT COMPS ANALYSIS
  • 6245 Cabaret St San Diego, CA 1
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7807 Tommy Dr #54 San Diego, CA 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1973
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.94
    •  
  • 6390 Belle Glade Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.01
    •  
  • 4567 Rueda Drive San Diego, CA 4
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1977
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.04
    •  
  • 5586 Hamill Ave San Diego, CA 5
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1956
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,675
    • $2.04
    •  
PROPERTY LISTING DETAILS
Samantha O'brien
1.760.449.1126
Exp Realty Of California Inc
BESbswy