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6671 Jackson Dr. San Diego, CA 92119

3 Beds 2 Baths 1,411 sqft Built 1961

$699,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $495.39
  • 7 Days on Market
  • MLS # : 200054697
  • Updated Date : 12/31/2020 at 04:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,411 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

GG Homes is pleased to present this single story beauty in San Carlos! A rare opportunity with tastefully designed finishes, this remodel includes modern updates including new energy saving new windows and HVAC! Enjoy the revitalized new kitchen with gray cabinets and stainless steel appliances. Gorgeous tile work accentuates each bathroom. This detached 3 Bed/2 Bath home is complete with 2 car garage, ample storage and spacious yard. Open floor plan with new finishes! Call for an appointment now!

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: Lake Murray

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Lake Murray

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15663384

* 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
Benchley Weinberger Elementary School Primary Magnet 559 21 9
Pershing Middle School Middle Regular 701 32 7
Henry High School High Regular 2,437 97 9

Benchley Weinberger Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 21
9
GreatSchools Rating

Pershing Middle School

  • Education Level: Middle
  • # of students: 701
  • # of teachers: 32
7
GreatSchools Rating

Henry High School

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

$629,100$768,900$699,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,579
Property Tax -$692
Property Insurance -$63
Property Management Fees -$129
CASH FLOW
-$733

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.

$699,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,005

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
  • $2,787

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$3,300
$3,300
RENT COMPS ANALYSIS
  • 6671 Jackson Dr. San Diego, CA 1
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7807 Tommy Dr #54 San Diego, CA 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1973
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.94
    •  
  • 6390 Belle Glade Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.01
    •  
PROPERTY LISTING DETAILS
Mary Chaparro
1.619.884.4477
Berkshire Hathaway Homeservice
BESbswy