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7116 Torrey Mesa Ct San Diego, CA 92129

5 Beds 4 Baths 3,540 sqft Built 2003

$1,249,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $352.82
  • 3 Days on Market
  • MLS # : 200054229
  • Updated Date : 12/19/2020 at 15:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,540 sqft
  • Baths : 3 full , 1 half
Listing Agent

Abacus Properties Inc.

Listing Agent's Description

Remarkable single detached home located on cul-de-sac in a quiet and beautiful neighborhood. Popular layout including a full bedroom and full bath on the main level, loft along with a wet bar on the second floor. Upgrades including built-ins, granite kitchen counter, wood floor, newer water heater, A/C and ceiling fans, water softener, built-in barbecue and outdoor beverage fridges and beer dispenser in a gazebo/bar, full house cat5 wiring, etc. Award winning schools in Poway School District.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Torrey Santa Fe

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Torrey Santa Fe

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
Willow Grove Elementary School Primary Regular 765 30 9
Black Mountain Middle School Middle Regular 1,275 47 8
Westview High School High Regular 2,283 56 10

Willow Grove Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 30
9
GreatSchools Rating

Black Mountain Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 47
8
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 56
10
GreatSchools Rating
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$4,608
Property Tax -$1,070
Property Insurance -$116
HOA -$75
Property Management Fees -$129
CASH FLOW
-$1,188

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.

$1,249,000

PROJECTED PRICE

$4,810

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 5.4%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$24,780

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
  • $5,275

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$5,3504$5,4955$5,600
$5,600
RENT COMPS ANALYSIS
  • 7116 Torrey Mesa Ct San Diego, CA 1
    • 5 beds 4 baths ∙ 3,540 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,540 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13298 Deer Canyon Place San Diego, CA 2
    • 5 beds 5 baths ∙ 3,408 Sqft ∙ Built 2002 5 beds 5 baths ∙ 3,408 Sqft ∙ Built 2002
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.32
    •  
  • 13591 Ginger Glen Road San Diego, CA 3
    • 5 beds 5 baths ∙ 3,384 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,384 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,350
    • $1.58
    •  
  • 6281 Sagebrush Bend Way San Diego, CA 4
    • 5 beds 5 baths ∙ 3,636 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,636 Sqft ∙ Built 2015
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,495
    • $1.51
    •  
  • 13501 Ginger Glen Rd San Diego, CA 5
    • 5 beds 5 baths ∙ 3,622 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,622 Sqft ∙ Built 2005
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.55
    •  
PROPERTY LISTING DETAILS
Runfeng Tian
1.858.774.0807
Abacus Properties Inc.
BESbswy