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7009 Selena Way San Diego, CA 92130

4 Beds 3 Baths 2,656 sqft Built 2016

$1,559,000

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $586.97
  • 21 Days on Market
  • MLS # : 210005336
  • Updated Date : 03/16/2021 at 22:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,656 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Seller will entertain offers between $1,479,000-$1,559,000. This gorgeous Casa Bella Plan 3 home in Pacific Highlands Ranch, Carmel Valley offers the incredible combination of luxury, space and location! Stunning newer construction 4 yrs old, 4BR/3 Full BA, optional 5thBR/Office/Gym/Playroom AND a Loft. Contemporary home w/entertainers dream kitchen, ceasar stone counters, stainless steel appliances, over-sized island. This very open & functional floor plan features luxury laminate flooring, plantation shutters & custom window coverings, a fireplace and luxurious bathrooms. Professionally landscaped front & back yards. Widened driveway and stone patio in the front. Backyard is beautifully landscaped with pergola, fountain, pavers, new irrigation, mature trees (privacy & fruit) and a California room to enjoy indoor/outdoor living. Main level has a bedroom & full bath bath and bonus/flex room. Large loft perfect for family/kids play room! Excellent storage. Tankless water heater, central A/C. Highly upgraded! Del Mar school district! Ashley Falls elementary school and walking distance to future site of Del Mar school districts newest elementary school. Steps to community park and private resort style Solterra Swim club with pool, spa, BBQ and tot lot. Private street. North of 56, close to shopping center. Coastal close and easy freeway access.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Carmel Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Carmel Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275309

* 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
Pacific Trails Middle School Middle Regular NA
Torrey Pines High School High Regular 2,752 103 10
Torrey Pines High School High Unknown NA

Pacific Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,403,100$1,714,900$1,559,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$5,415
Property Tax -$1,503
Property Insurance -$94
HOA -$183
Property Management Fees -$129
CASH FLOW
-$2,894

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.

$1,559,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$418,885

INVESTMENT

$418,885

Down Payment
$389,750
Rehab Estimate
$5,750
Closing Costs
$23,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,415

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $389,750
Loan Amount $1,169,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$99

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $4,801

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$4,430
1$4,4302$4,5003$4,8004$5,0005$5,300
$5,300
RENT COMPS ANALYSIS
  • 7009 Selena Way San Diego, CA 1
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $1.67
    •  
  • 13566 Sage Mesa Rd San Diego, CA 2
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2012
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.71
    •  
  • 6188 Valerian Vista Place San Diego, CA 3
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2009
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.85
    •  
  • 6786 Elegante Way San Diego, CA 4
    • 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 2017
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.76
    •  
  • 13428 Banyan Way San Diego, CA 5
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2015
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.91
    •  
PROPERTY LISTING DETAILS
Annette Schultz
1.619.838.9872
Compass
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005336
Last Updated: 03/16/2021
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