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8460 Travis Ct San Diego, CA 92126

3 Beds 2 Baths 1,275 sqft Built 1975

INVESTimate

$699,900

List Price

$2,540

$2,290 - $2,790

Rent Est.

$751,343  ( +7.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $548.94
  • 7 Days on Market
  • MLS # : 200040785
  • Updated Date : 08/24/2020 at 19:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,275 sqft
  • Baths : 2 full
Listing Agent

Sd Homes

Listing Agent's Description

Located in a desirable Mira Mesa neighborhood, great family home on a cul-de-sac, with 3 bedrooms, 2 bath & PAID SOLAR! Granite counters, updated cabinets, recessed lighting, laminate wood throughout, living room fireplace, updated bathroom vanities, fresh coat of paint throughout, central heat and A/C & low maintenance yard just minutes away from shopping, dining, parks, great schools, Interstate 15, plus so much more, and a beautiful POOL, making it perfect for COVID while everyone is home!

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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

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $225k746k

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

Neighborhood: Mira Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14823384

* 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
Ericson Elementary School Primary Regular 738 28 9
Wangenheim Middle School Middle Regular 912 39 7
Mira Mesa High School High Regular 2,453 106 9

Ericson Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 28
9
GreatSchools Rating

Wangenheim Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 39
7
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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 $2,540
EXPENSES Loan Payment -$2,582
Property Tax -$685
Property Insurance -$59
Property Management Fees -$129
CASH FLOW
-$915

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.

$699,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.35%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,754

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
  • $2,547

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,6504$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 8460 Travis Ct San Diego, 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11235 Avenida De Los Lobos #f San Diego, 2
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1990
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.95
    •  
  • 8304 Menkar Rd San Diego, 3
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.08
    •  
  • 11374 Pegasus Ave San Diego, 4
    • 4 beds 2 baths ∙ 1,366 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,366 Sqft ∙ Built 1977
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.97
    •  
  • 8834 Shaula Way San Diego, 5
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1972
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.99
    •  
PROPERTY LISTING DETAILS
Rayna Mack
1.619.922.2524
Sd Homes
BESbswy