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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $483.55
- 6 Days on Market
- MLS # : 210000114
- Updated Date : 01/10/2021 at 06:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,583 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Award
Listing Agent's Description
Experience your resort getaway right in your own backyard. Enjoy the pool and spa and listen to the waterfall in the peaceful and private backyard. Located on one of the best streets in Del Cerro, this home sits high off the street with no one behind you. The gorgeous kitchen and baths were professionally designed and remodeled. The kitchen opens to the dining area and family room. The Master bedroom has a custom bath, walk-in closet and slider to the spa. The Solar is owned and the pool is solar heated.
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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 | $3,910 |
| EXPENSES | Loan Payment | -$4,338 |
| Property Tax | -$1,237 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,887
|
||
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.
$1,249,000
PROJECTED PRICE
$3,910
PROJECTED RENT
0.31%
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
$336,735
LOAN DETAILS
$4,338
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $312,250 |
| Loan Amount | $936,750 |
0.25
YEARS SAVED
$211
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
-
$3,900
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
6304 Cypress Point Rd San Diego, CA 1
- 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $0
- $0.00
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6259 Oakridge San Diego, CA 2
- 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
-
6919 Birchcreek Rd San Carlos, CA 3
- 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1981
LEASED 02/20/20- Rent
- Rent Per SQFT
- $3,350
- $1.42
-
7479 Comet View Ct San Diego, CA 4
- 4 beds 2 baths ∙ 2,467 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,467 Sqft ∙ Built 1973
LEASED 09/09/20- Rent
- Rent Per SQFT
- $4,200
- $1.70
PROPERTY LISTING DETAILS
1.619.820.4789
Century 21 Award
