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6422 Lilac Way San Diego, CA 92130

5 Beds 4 Baths 3,059 sqft Built 2016

$1,698,300

List Price

$5,180

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $555.18
  • 23 Days on Market
  • MLS # : 210003462
  • Updated Date : 02/19/2021 at 22:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,059 sqft
  • Baths : 4 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Immaculate home in Carmel Valley with a bedroom and full bathroom on the first floor. ***Bright and open kitchen with handsome wood cabinetry, granite countertops, pantry, and large center island. ***Accordion doors off the Family room open the entire room to the covered patio, creating a great flow of indoor/outdoor living. ***Spacious Master retreat with ensuite bath featuring dual vanities, soaking tub, separate shower, and walk-in closet. ***Three more bedrooms upstairs, all with ample closet space and a balcony off one of the bedrooms. ***Convenient second-floor laundry room. ***Large loft with built-ins. ***Private outdoor space with low-maintenance landscaping. ***Attached 3-car garage.

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: North City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $233k1465k

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

Neighborhood: North City

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500500055006000Rent in $16276141

* 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
Pacific Trails Middle School Middle Regular NA
Torrey Pines High School High Regular 2,752 103 10
Torrey Pines High School High Unknown NA

Pacific Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,528,470$1,868,130$1,698,300

PURCHASE PRICE

$4,662$5,698$5,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,180
EXPENSES Loan Payment -$5,899
Property Tax -$1,716
Property Insurance -$104
HOA -$288
Property Management Fees -$129
CASH FLOW
-$2,956

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,698,300

PROJECTED PRICE

$5,180

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,800

INVESTMENT

$455,800

Down Payment
$424,575
Rehab Estimate
$5,750
Closing Costs
$25,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,899

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $424,575
Loan Amount $1,273,725
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$147

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
  • $5,162

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7003$5,0004$5,6005$5,700
$5,700
RENT COMPS ANALYSIS
  • 6422 Lilac Way San Diego, CA 1
    • 5 beds 4 baths ∙ 3,059 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,059 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13481 Peach Tree Way San Diego, CA 2
    • 4 beds 4 baths ∙ 3,042 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,042 Sqft ∙ Built 2017
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.55
    •  
  • 6798 Kenmar Way San Diego, CA 3
    • 4 beds 5 baths ∙ 2,992 Sqft ∙ Built 2017 4 beds 5 baths ∙ 2,992 Sqft ∙ Built 2017
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.67
    •  
  • 13419 Red Oak Way San Diego, CA 4
    • 5 beds 5 baths ∙ 3,190 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,190 Sqft ∙ Built 2017
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.76
    •  
  • 6179 Valerian Vista Place San Diego, CA 5
    • 5 beds 4 baths ∙ 3,218 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,218 Sqft ∙ Built 2011
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $1.77
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210003462
Last Updated: 02/19/2021
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