Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6860 Wunderlin Avenue San Diego, CA 92114

4 Beds 3 Baths 1,262 sqft Built 1958

INVESTimate

$520,000

List Price

$2,160

$1,944 - $2,376

Rent Est.

$562,224  ( +8.12%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1958
  • Price/Sqft : $412.04
  • 10 Days on Market
  • MLS # : 200039738
  • Updated Date : 08/24/2020 at 04:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,262 sqft
  • Baths : 2 full , 1 half
Listing Agent

Candace Thrower & Associates

Listing Agent's Description

GREAT 1-STORY HOME LOCATED ON A QUIET CUL-DE-SAC. HOME IS SITUATED ON A QUARTER ACRE OF LAND AND HAS AN OPEN FLOOR PLAN, WITH LOTS OF UPDATES!! PAID OFF SOLAR...2 BACK YARDS...COVERED PATIO FOR OUTSIDE ENTERTAINING YEAR ROUND...ONE YARD IS ON UPPER LEVEL AND FENCED IN WITH ARTIFICIAL TURF...CAN SEE FIREWORKS...1 BEDROOM STUDIO IN REAR, THAT INCLUDES KITCHEN AND 1/2 BATH. CURRENTLY RENTING FOR $1,200. GREAT POTENTIAL INCOME PRODUCING OPPORTUNIY OR AIRBNB. CLOSE TO FREEWAYS AND SHOPPING..HURRY TO SEE.

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: Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $183k621k

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

Neighborhood: Encanto

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12992982

* 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
Encanto Elementary School Primary Regular 504 22 4
Millennial Tech Middle School Middle Magnet 467 26 2
Lincoln High School High Regular 1,516 72 3

Encanto Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 22
4
GreatSchools Rating

Millennial Tech Middle School

  • Education Level: Middle
  • # of students: 467
  • # of teachers: 26
2
GreatSchools Rating

Lincoln High School

  • Education Level: High
  • # of students: 1,516
  • # of teachers: 72
3
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,919
Property Tax -$505
Property Insurance -$59
Property Management Fees -$129
CASH FLOW
-$452

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.

$520,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 8.12%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,982

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 6860 Wunderlin Avenue San Diego,
    • 4 beds 3 baths ∙ 1,262 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,262 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Candace Thrower
1.619.227.6089
Candace Thrower & Associates
BESbswy