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8135 Califa Ct San Diego, CA 92119

4 Beds 2 Baths 1,940 sqft Built 1972

INVESTimate

$780,000

List Price

$3,540

$3,290 - $3,790

Rent Est.

$825,630  ( +5.85%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $402.06
  • 7 Days on Market
  • MLS # : 200040628
  • Updated Date : 08/24/2020 at 21:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,940 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Res. Brokerage

Listing Agent's Description

Located on a quiet cul-de-sac where children can play on the street. Current owner has a young boy who loves living here & playing outside with friends. If you are into hiking, nature walks, you will enjoy Cowles mountain, Lake Murray & Mission trails close by. Dual Master bedrooms one on each floor. Cathedral ceiling in the living room gives a wide open feel. You will love the abundance of natural lighting & great cross ventilation. Large eat in Kitchen. Fruit trees & a vegetable garden.

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
 

$702,000$858,000$780,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

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$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,878
Property Tax -$758
Property Insurance -$76
Property Management Fees -$129
CASH FLOW
-$301

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.

$780,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.85%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$49,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,725

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,5403$3,800
$3,800
RENT COMPS ANALYSIS
  • 8135 Califa Ct San Diego, 2
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.82
    •  
  • 7415 Rondel San Carlos, 1
    • 3 beds 4 baths ∙ 2,061 Sqft ∙ Built 1981 3 beds 4 baths ∙ 2,061 Sqft ∙ Built 1981
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.46
    •  
  • 6056 Camino Largo San Diego, 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.38
    •  
PROPERTY LISTING DETAILS
Vinita Ott
1.858.774.0777
Coldwell Banker Res. Brokerage
BESbswy