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6842 Harvala St San Diego, CA 92115

4 Beds 2 Baths 1,226 sqft Built 1953

$729,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $594.62
  • 12 Days on Market
  • MLS # : 210007456
  • Updated Date : 03/27/2021 at 16:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,226 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Come home to this renovated Mid-Century beauty with a stunning kitchen! Enjoy your kidney-shaped pool surrounded by an oversized deck to take in the views! Home design features an open concept: seamlessly blending living, dining, and outdoor spaces. You'll love entertaining in the kitchen with Carrera marble countertops, designer white shaker cabinets, ceramic subway tile, custom wood floating shelves, stainless steel sink and appliances, and stylish wall-mounted aged brass faucet and hardware. Designer wood plank flooring flows throughout, new vinyl windows bring in the sun, and new french doors in kitchen and master bedroom opens to the outdoors. The home is beautiful, but it's more than just a pretty face. Better hurry!!

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: Rolando Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $172k621k

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

Neighborhood: Rolando Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12872982

* 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
Rolando Park Elementary School Primary Regular 230 10 8
Mann Middle School Middle Regular 760 44 3
Crawford High School High Regular 1,161 59 NA

Rolando Park Elementary School

  • Education Level: Primary
  • # of students: 230
  • # of teachers: 10
8
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 760
  • # of teachers: 44
3
GreatSchools Rating

Crawford High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 59
NA
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,532
Property Tax -$723
Property Insurance -$58
Property Management Fees -$129
CASH FLOW
-$952

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$729,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,581

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
  • $2,523

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7954$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 6842 Harvala St San Diego, CA 1
    • 4 beds 2 baths ∙ 1,226 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,226 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4108 Casita Way San Diego, CA 2
    • 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1960
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.04
    •  
  • 5841 Hughes St. San Diego, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.00
    •  
  • 4383 Rolando Blvd San Diego, CA 4
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1944
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.14
    •  
  • 5652 Campanile San Diego, CA 5
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1963
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.05
    •  
PROPERTY LISTING DETAILS
Nicolle Mackey
1.619.818.2913
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007456
Last Updated: 03/27/2021
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