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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $386.48
- 5 Days on Market
- MLS # : 210000278
- Updated Date : 01/09/2021 at 00:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,420 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Don’t miss out on this move in ready home. This single story 3-bedroom, 2-bathroom house is the perfect family home with upgrades throughout. The kitchen features custom cabinets, granite counters, and stainless-steel appliances. The large living room includes a fireplace and mini-split A/C unit that opens to a private backyard. The large backyard is perfect for entertaining with a POOL, BBQ area and gorgeous sunset/sunrise views. See Supplemental
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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: Skyline
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Skyline
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,906 |
| Property Tax | -$533 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$181
|
||
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.
$548,800
PROJECTED PRICE
$2,450
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,182
LOAN DETAILS
$1,906
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,200 |
| Loan Amount | $411,600 |
5.42
YEARS SAVED
$31,139
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.73
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
7882 Blackpool San Diego, CA
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $2,450
- $1.73
PROPERTY LISTING DETAILS
1.619.520.9901
Compass
