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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $508.81
- 26 Days on Market
- MLS # : 200052605
- Updated Date : 12/19/2020 at 15:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,816 sqft
- Baths : 2 full
Listing Agent
Rezlist Inc.
Listing Agent's Description
Finished Jan31. Beautifully remodeled turn key 4 bedroom,2 bathroom home in Allied Gardens.Light and bright with all new dual pane windows.Newly added master suite with walk in closet, spa like master bathroom, and door to backyard. Open floor plan living space with large kitchen island perfect for entertaining. Brand new flooring throughout. Low maintenance backyard, beautiful tree lined quiet street. Close to parks, shopping, restaurants, Allied Gardens Rec Center and walking distance to Foster Element
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Allied Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Allied Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,040 |
| EXPENSES | Loan Payment | -$3,409 |
| Property Tax | -$898 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,469
|
||
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.
$924,000
PROJECTED PRICE
$3,040
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| 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
$250,610
LOAN DETAILS
$3,409
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $231,000 |
| Loan Amount | $693,000 |
0.25
YEARS SAVED
$364
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,040
LIST RENT -
$1.67
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
6467 Winona Ave San Diego, CA
- 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $3,040
- $1.67
PROPERTY LISTING DETAILS
1.858.829.1204
Rezlist Inc.
