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6467 Peinado Way San Diego, CA 92121

4 Beds 3 Baths 2,527 sqft Built 1999

$1,250,000

List Price

$4,420

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $494.66
  • 2 Days on Market
  • MLS # : 200051682
  • Updated Date : 11/14/2020 at 19:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Superbly maintained home located on a cul-de-sac in the community of Pacific Ridge, Sorrento Valley. This incredible home enjoys abundant natural light, high ceilings, and a peaceful location with sweeping canyon views. Fall in love with the oversized backyard, featuring a fenced, heated pool and spa, raised garden beds, fruit trees, and plenty of space to entertain and play. Energy-efficient home with fully paid solar electricity and solar hot water systems.

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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: 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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,978$4,862$4,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,420
EXPENSES Loan Payment -$4,612
Property Tax -$1,181
Property Insurance -$91
HOA -$52
Property Management Fees -$129
CASH FLOW
-$1,644

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.

$1,250,000

PROJECTED PRICE

$4,420

PROJECTED RENT

0.35%

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-$30k-$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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$5,285

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,420

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $4,460

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$4,420
1$4,4202$4,5003$4,6954$5,0005$5,190
$5,190
RENT COMPS ANALYSIS
  • 6467 Peinado Way San Diego, CA 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,420
    • $1.75
    •  
  • 5671 Weatherstone Court San Diego, CA 2
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.67
    •  
  • 5753 Concord Woods Way San Diego, CA 3
    • 5 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $1.65
    •  
  • 5240 Great Meadow Drive San Diego, CA 4
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.81
    •  
  • 5767 Gablewood Way San Diego, CA 5
    • 5 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,190
    • $1.93
    •  
PROPERTY LISTING DETAILS
Felipe Arias
1.619.929.9999
Exp Realty Of California Inc
BESbswy