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6306 Wenrich Drive San Diego, CA 92120

4 Beds 3 Baths 2,496 sqft Built 1966

$1,075,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $430.69
  • 4 Days on Market
  • MLS # : 210001077
  • Updated Date : 01/14/2021 at 22:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 2 full , 1 half
Listing Agent

Best Homes Team

Listing Agent's Description

It's not just a home-it's the Del Cerro lifestyle! Highly desired and rarely available 4 bedroom, 2 1/2 bath luxury home on quiet corner lot! Owned Solar for near 0 on electric bill! Immediately fall in love with the lush, green oversized front lawn. Brand new sod and landscaping adorns! Enter the arched entry, open the doors to gorgeous engineered wood floors and streaming beautiful natural light throughout! Walking distance to Princess Del Cerro Park! See supplement for more info on your new home!

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: Del Cerro

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k785k

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

Neighborhood: Del Cerro

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16273601

* 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
Hearst Elementary School Primary Regular 497 18 10
Lewis Middle School Middle Regular 1,042 41 7
Henry High School High Regular 2,437 97 9

Hearst Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 18
10
GreatSchools Rating

Lewis Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 41
7
GreatSchools Rating

Henry High School

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

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$3,734
Property Tax -$1,044
Property Insurance -$90
Property Management Fees -$129
CASH FLOW
-$1,087

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.

$1,075,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,734

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,817

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
  • $3,919

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,9904$4,200
$4,200
RENT COMPS ANALYSIS
  • 6306 Wenrich Drive San Diego, CA 1
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6259 Oakridge San Diego, CA 2
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1972
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
  • 4703 Ashby St San Diego, CA 3
    • 4 beds 2 baths ∙ 2,501 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,501 Sqft ∙ Built 1965
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.60
    •  
  • 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
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.70
    •  
PROPERTY LISTING DETAILS
Robert Northrup
1.619.857.1155
Best Homes Team
BESbswy