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6428 Peinado Way San Diego, CA 92121

4 Beds 3 Baths 2,527 sqft Built 1999

$1,195,000

List Price

$4,300

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $472.89
  • 4 Days on Market
  • MLS # : 200053674
  • Updated Date : 12/10/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Come live your best life in this exquisite Pacific Ridge home nestled on a cul-de-sac street with a private pool and spa for you to enjoy all year long. As you enter you will gaze upon soaring two story ceilings with large windows that bathe the interior in natural light. A sweeping staircase with Juliet balcony overlooks the entry and living room. Open the French doors wide in the dining room to create the ultimate indoor outdoor dining experience.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Sorrento Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Sorrento Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Hickman Elementary School Primary Regular 581 21 9
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Hickman Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 21
9
GreatSchools Rating

Challenger Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 39
9
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$3,870$4,730$4,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,300
EXPENSES Loan Payment -$4,409
Property Tax -$1,129
Property Insurance -$91
HOA -$52
Property Management Fees -$129
CASH FLOW
-$1,509

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.

$1,195,000

PROJECTED PRICE

$4,300

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 6.4%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,774

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,300

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $4,641

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$4,300
1$4,3002$4,6003$5,0004$5,190
$5,190
RENT COMPS ANALYSIS
  • 6428 Peinado Way San Diego, CA 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.70
    •  
  • 4562 Calle Mar De Armonia San Diego, CA 2
    • 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2000
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.77
    •  
  • 5240 Great Meadow Drive San Diego, CA 3
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2006
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.81
    •  
  • 5767 Gablewood Way San Diego, CA 4
    • 5 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,190
    • $1.93
    •  
PROPERTY LISTING DETAILS
Cheree Bray
1.858.354.8457
Redfin Corporation
BESbswy