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712 S 47th St San Diego, CA 92113

3 Beds 2 Baths 786 sqft Built 1947

$360,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $458.02
  • 4 Days on Market
  • MLS # : 200054832
  • Updated Date : 01/03/2021 at 05:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 786 sqft
  • Baths : 2 full
Listing Agent

San Diego Sunrise Realty

Listing Agent's Description

Charming property, with 3 bedroom and 2 full baths. Perfectly located, has private gate and nice driveway. Perfect house for first time buyers. No HOA or Mello Roos!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lincoln Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $173k621k

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

Neighborhood: Lincoln Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12592982

* 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
Porter - South Campus Elementary School Primary Regular 1,064 42 2
Knox Middle School Middle Regular 580 28 2
Lincoln High School High Regular 1,516 72 3

Porter - South Campus Elementary School

  • Education Level: Primary
  • # of students: 1,064
  • # of teachers: 42
2
GreatSchools Rating

Knox Middle School

  • Education Level: Middle
  • # of students: 580
  • # of teachers: 28
2
GreatSchools Rating

Lincoln High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,328
Property Tax -$350
Property Insurance -$47
Property Management Fees -$129
CASH FLOW
$196

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.

$360,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$62,157

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
  • $2,228

    COMP ESTIMATED VALUE
  • $2.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$2,990
$2,990
RENT COMPS ANALYSIS
  • 712 S 47th St San Diego, CA 1
    • 3 beds 2 baths ∙ 786 Sqft ∙ Built 1947 3 beds 2 baths ∙ 786 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5503 Alleghany St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1944
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.83
    •  
  • 705 San Miguel Ave San Diego, CA 3
    • 4 beds 3 baths ∙ 1,053 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,053 Sqft ∙ Built 1955
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $2.84
    •  
PROPERTY LISTING DETAILS
Cathy Xin
1.858.243.8888
San Diego Sunrise Realty
BESbswy