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8081 Valdosta Ave 
Mira Mesa, CA
92126
3 Beds 2 Baths 1,764 sqft
Built 1971
INVESTimate
$699,000
List Price
$190,985
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PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $396.26
- 3 Days on Market
- MLS # : 200041019
- Updated Date : 08/25/2020 at 16:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,764 sqft
- Baths : 2 full
Listing Agent
Exp Realty Of California Inc
Listing Agent's Description
The Largest Master Bedroom in Mira Mesa Verde ! Come see this 1764 square foot, 3 bedrooms 2 baths 2 car garage home with solar. Full Appliance with large rooms to grow your family in a very desirable community with great schools , great shopping, near all major freeways and more.
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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: Mira Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mira Mesa West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$682 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$562
|
||
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.
$699,000
PROJECTED PRICE
$2,900
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 6.63% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
3
YEARS SAVED
$19,116
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
-
$3,175
COMP ESTIMATED VALUE -
$1.8
COMP AVG. RENT PER SQFT
Comps Range
-
8081 Valdosta Ave Mira Mesa, 1
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $0
- $0.00
-
10880 Buckhurst Ave San Diego, 2
- 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,750
- $1.85
-
9052 Truman St San Diego, 3
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1986
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,800
- $1.65
-
9125 Gold Coast Dr San Diego, 4
- 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1976
LEASED 04/17/19- Rent
- Rent Per SQFT
- $3,150
- $1.90
PROPERTY LISTING DETAILS
1.858.232.2929
Exp Realty Of California Inc
