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7245 Canyon Breeze Rd San Diego, CA 92126

3 Beds 2 Baths 1,727 sqft Built 1985

$825,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $477.71
  • 5 Days on Market
  • MLS # : 210006880
  • Updated Date : 03/19/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,727 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

As good as it gets! This single level Mira Mesa home has been upgraded with high end features throughout and sits in a prime location on a quiet cul de sac. This meticulously maintained home features new bamboo floors throughout, a stunning kitchen with stainless steel appliances, gorgeous living spaces with high ceilings, formal and informal dining areas, space for RV/boat parking and so much more! The oversized master suite includes a barn door entry into the master bathroom with dual vanities, a huge walk-in closet with built-in shelving and an elegant slider directly into the patio area where you will enjoy the finely terraced garden and raised planter beds.

SEE MORE

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: Mira Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $225k746k

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

Neighborhood: Mira Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14823384

* 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
Hickman Elementary School Primary Regular 581 21 9
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Hickman Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 21
9
GreatSchools Rating

Challenger Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 39
9
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,866
Property Tax -$807
Property Insurance -$71
Property Management Fees -$129
CASH FLOW
-$632

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$825,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$17,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,493

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,2403$3,5004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 7245 Canyon Breeze Rd San Diego, CA 2
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.88
    •  
  • 7183 Canyon Hill Way San Diego, CA 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1984
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.93
    •  
  • 11061 Blythe Rd San Diego, CA 3
    • 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1977
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.17
    •  
  • 10845 New Salem Way San Diego, CA 4
    • 4 beds 3 baths ∙ 1,871 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,871 Sqft ∙ Built 1985
    property image
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.87
    •  
  • 10541 Kemerton Rd San Diego, CA 5
    • 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1990
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.12
    •  
PROPERTY LISTING DETAILS
Adam Renick
1.619.678.8186
Coldwell Banker Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006880
Last Updated: 03/19/2021
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