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7504 Collins Ranch Ter San Diego, CA 92130

4 Beds 6 Baths 4,464 sqft Built 2002

$1,549,000

List Price

$8,180

$7.9K - $8.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $347.00
  • 4 Days on Market
  • MLS # : 200052162
  • Updated Date : 11/21/2020 at 19:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,464 sqft
  • Baths : 6 full
Listing Agent

Keller Williams Carmel Valley

Listing Agent's Description

Rare opportunity to own in the prestigious and highly sought after gated commuted of Collins Ranch. Amazing home with dual owner bedrooms, one large one on FIRST FLOOR. Within Collins Ranch, this floorplan is THE ONE, spacious and well laid out for a family or executive wanting to entertain. The large kitchen uses an open floorplan allowing cooking while still being part of the family room. Bedrooms are oversized with plenty of room for a desk or play areas. Community pool is just a short distance

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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 Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Torrey Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $16275765

* 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
 

$1,394,100$1,703,900$1,549,000

PURCHASE PRICE

$7,362$8,998$8,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $8,180
EXPENSES Loan Payment -$5,715
Property Tax -$1,514
Property Insurance -$139
HOA -$396
Property Management Fees -$129
CASH FLOW
$287

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.

$1,549,000

PROJECTED PRICE

$8,180

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.65%
Appreciation Year (1-5) 4.2%
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$5.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k$100k

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$416,235

INVESTMENT

$416,235

Down Payment
$387,250
Rehab Estimate
$5,750
Closing Costs
$23,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$5,715

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $387,250
Loan Amount $1,161,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$210,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $8,180

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $7,529

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$6,200
1$6,2002$7,5003$8,1804$8,500
$8,500
RENT COMPS ANALYSIS
  • 7504 Collins Ranch Ter San Diego, CA 3
    • 4 beds 6 baths ∙ 4,464 Sqft ∙ Built 2002 4 beds 6 baths ∙ 4,464 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $8,180
    • $1.83
    •  
  • 6679 Kenmar Way San Diego, CA 1
    • 5 beds 6 baths ∙ 4,208 Sqft ∙ Built 2017 5 beds 6 baths ∙ 4,208 Sqft ∙ Built 2017
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,200
    • $1.47
    •  
  • 6135 Artisan Way San Diego, CA 2
    • 5 beds 6 baths ∙ 4,490 Sqft ∙ Built 2017 5 beds 6 baths ∙ 4,490 Sqft ∙ Built 2017
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.67
    •  
  • 14067 Caminito Vistana Carmel Valley, CA 4
    • 5 beds 5 baths ∙ 4,429 Sqft ∙ Built 2001 5 beds 5 baths ∙ 4,429 Sqft ∙ Built 2001
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.92
    •  
PROPERTY LISTING DETAILS
David Rudd
1.858.999.7702
Keller Williams Carmel Valley
BESbswy