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6907 Bettyhill Drive San Diego, CA 92117

4 Beds 2 Baths 1,901 sqft Built 1965

$849,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $446.61
  • 3 Days on Market
  • MLS # : 200053838
  • Updated Date : 12/12/2020 at 00:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,901 sqft
  • Baths : 2 full
Listing Agent

Re/max United

Listing Agent's Description

Here you will find your very own pocket of paradise in the highly coveted & centrally located Clairemont neighborhood! Expansive living area with gorgeous hardwood floors & dramatic corner fireplace. Master suite with stunning, remodeled bathroom & private patio doors out to the yard. Large, remodeled kitchen boasts a separate breakfast nook & a huge walk in pantry! Enjoy your private outdoor living space adorned with beautiful mature landscaping and a beautiful 800 sq ft flagstone patio!

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: Clairemont Mesa East

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $214k621k

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

Neighborhood: Clairemont Mesa East

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $15142982

* 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
Lafayette Elementary School Primary Regular 266 14 5
Lafayette Elementary School Middle Regular 266 14 5
Madison High School High Regular 1,161 60 5

Lafayette Elementary School

  • Education Level: Primary
  • # of students: 266
  • # of teachers: 14
5
GreatSchools Rating

Lafayette Elementary School

  • Education Level: Middle
  • # of students: 266
  • # of teachers: 14
5
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 60
5
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$3,132
Property Tax -$823
Property Insurance -$75
Property Management Fees -$129
CASH FLOW
-$779

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.

$849,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$18,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $3,431

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,3453$3,3804$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6907 Bettyhill Drive San Diego, CA 3
    • 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.78
    •  
  • 4171 Balboa Way San Diego, CA 1
    • 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 1967
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.64
    •  
  • 5270 Kesling St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,345
    • $1.95
    •  
  • 3455 Old Meadow Rd San Diego, CA 4
    • 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1984
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.69
    •  
  • 6841 Boxford Drive San Diego, CA 5
    • 4 beds 3 baths ∙ 1,805 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,805 Sqft ∙ Built 1965
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.94
    •  
PROPERTY LISTING DETAILS
Judy Spady
1.858.271.4900
Re/max United
BESbswy