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7966 Laurelridge Rd San Diego, CA 92120

4 Beds 2 Baths 1,890 sqft Built 1971

$899,000

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $475.66
  • 4 Days on Market
  • MLS # : 200054555
  • Updated Date : 12/24/2020 at 22:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,890 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Entertaining offers from $879K - $899K. Gorgeous Single level home w/ 3 car garage & Fabulous view all the way to the ocean! Light, bright & open floorplan w/ vaulted ceilings in the living, dining & family rooms. Huge MasterSuite features: sitting area, two closets, remodeled bath, & optional office or massive walk-in closet! Plus, there is an (approx 500Sq.Ft.) addition which brings the total living space to approx. 2390Sq.Ft. Situated on a lovely lot, w/spectacular sunsets & backs open space.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: San Carlos

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: San Carlos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Dailard Elementary School Primary Regular 534 20 8
Pershing Middle School Middle Regular 701 32 7
Henry High School High Regular 2,437 97 9

Dailard Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 20
8
GreatSchools Rating

Pershing Middle School

  • Education Level: Middle
  • # of students: 701
  • # of teachers: 32
7
GreatSchools Rating

Henry High School

  • Education Level: High
  • # of students: 2,437
  • # of teachers: 97
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,317
Property Tax -$873
Property Insurance -$75
Property Management Fees -$129
CASH FLOW
-$884

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.

$899,000

PROJECTED PRICE

$3,510

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
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$0.0$10k$20k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$14,542

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
  • $3,676

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,3004$3,6755$3,950
$3,950
RENT COMPS ANALYSIS
  • 7966 Laurelridge Rd San Diego, CA 1
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5673 Barclay Ave San Diego, CA 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1957
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.80
    •  
  • 6390 Belle Glade Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1969
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.01
    •  
  • 5586 Hamill Ave San Diego, CA 4
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1956
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,675
    • $2.04
    •  
  • 7464 Comet View Ct San Diego, CA 5
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1973
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.93
    •  
PROPERTY LISTING DETAILS
Lindy Kaiser
1.619.265.0454
Keller Williams Realty
BESbswy