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7111 Princess View Dr San Diego, CA 92120

3 Beds 2 Baths 1,128 sqft Built 1964

$664,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $588.65
  • 3 Days on Market
  • MLS # : 210003886
  • Updated Date : 02/13/2021 at 06:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,128 sqft
  • Baths : 2 full
Listing Agent

Active Realty

Listing Agent's Description

Charming 3 bedroom, 2 bathroom, single story home in the community of Allied Gardens in San Diego! Enjoy a large lot, a spacious floor plan, laminate wood flooring, and serene ceiling fans. The light, bright kitchen offers “Provence blue” cabinetry, white countertops, and white appliances. The bedrooms feature ample closet space, a walk-in shower in the primary bathroom, and a shower-in-tub in the secondary bathroom. Additional property highlights include the 2 car detached garage and back patio.

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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: Allied Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $221k621k

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

Neighborhood: Allied Gardens

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14572982

* 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
Foster Elementary School Primary Regular 367 15 7
Lewis Middle School Middle Regular 1,042 41 7
Henry High School High Regular 2,437 97 9

Foster Elementary School

  • Education Level: Primary
  • # of students: 367
  • # of teachers: 15
7
GreatSchools Rating

Lewis Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 41
7
GreatSchools Rating

Henry High School

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

$597,600$730,400$664,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,306
Property Tax -$645
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$436

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.

$664,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$181,710

INVESTMENT

$181,710

Down Payment
$166,000
Rehab Estimate
$5,750
Closing Costs
$9,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,000
Loan Amount $498,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,727

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
  • $2,831

    COMP ESTIMATED VALUE
  • $2.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,865
$2,865
RENT COMPS ANALYSIS
  • 7111 Princess View Dr San Diego, CA 1
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4830 Elsa Rd San Diego, CA 2
    • 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1956
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.42
    •  
  • 6464 49th Street San Diego, CA 3
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1955
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,865
    • $2.60
    •  
PROPERTY LISTING DETAILS
Justin Tye
1.619.333.2721
Active Realty
BESbswy