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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $450.57
- 3 Days on Market
- MLS # : 210004390
- Updated Date : 02/21/2021 at 00:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,996 sqft
- Baths : 3 full
Listing Agent
Abacus Properties Inc.
Listing Agent's Description
Luxurious executive home with many upgrades: a SMART home with recessed LED lighting, Nest temperature controls, and owned Solar, crown molding, upgraded flooring, toilets, arched doors and window casings, double ovens, a 5 burner range with a custom backsplash, a commercial disposal, filtered water, a high end Bosch dishwasher and etc.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Black Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Black Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,990 |
| EXPENSES | Loan Payment | -$4,689 |
| Property Tax | -$1,403 | |
| Property Insurance | -$103 | |
| HOA | -$163 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,496
|
||
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.
$1,349,900
PROJECTED PRICE
$4,990
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.65% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.45% |
| 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
$363,474
LOAN DETAILS
$4,689
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $337,475 |
| Loan Amount | $1,012,425 |
1.33
YEARS SAVED
$8,864
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$5,613
COMP ESTIMATED VALUE -
$1.87
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/19/20- Rent
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- $4,600
- $1.63
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8100 Auberge Circle San Diego, CA 3
- 3 beds 3 baths ∙ 2,757 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,757 Sqft ∙ Built 2016
LEASED 08/17/20- Rent
- Rent Per SQFT
- $5,400
- $1.96
-
16232 Almanor Way San Diego, CA 4
- 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 2012
LEASED 10/21/19- Rent
- Rent Per SQFT
- $6,500
- $2.03
PROPERTY LISTING DETAILS
1.858.774.0807
Abacus Properties Inc.
MLS #: 210004390
Last Updated: 02/21/2021
