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8461 High Rose Ter San Diego, CA 92127

5 Beds 4 Baths 3,323 sqft Built 2013

$1,558,000

List Price

$5,660

$5.4K - $5.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $468.85
  • 6 Days on Market
  • MLS # : 210007470
  • Updated Date : 03/27/2021 at 04:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,323 sqft
  • Baths : 4 full
Listing Agent

Sunny Day Realty

Listing Agent's Description

Beautiful and elegant Del Sur home short walk to pool and park. newly Upgrades maple hardwood flooring, tile, carpet, baseboards and painting. Sweet "Del Sur" room with fireplace, fans, rolling blinds and views of landscaped large yard. Downstairs bedroom with full bath, upstairs loft. Oversize garage with extra storage. Dual zone air. Lush, low-maintenance landscaping. Quiet, family-friendly neighborhood. Paid solar panel and tesla express charger installed. Del Sur’s ideal location in the hills overlooking Rancho Santa Fe offers use of 9 private parks, 8 solar heated pools and over 18 miles of trails covering 1,000 acres of open space. Nearby Elementary and High Schools recently scored #1. Minutes from a diverse variety of dining options and upscale amenities. Easy freeway access to 56 and 15. This is a must see!!!

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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

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $233k1266k

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

Neighborhood: Black Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $16275590

* 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
Del Sur Elementary School Primary Regular 573 22 9
Oak Valley Middle School Middle Regular 1,361 50 9
Del Norte High School High Regular 1,933 62 9

Del Sur Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
9
GreatSchools Rating

Oak Valley Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 50
9
GreatSchools Rating

Del Norte High School

  • Education Level: High
  • # of students: 1,933
  • # of teachers: 62
9
GreatSchools Rating
 

$1,402,200$1,713,800$1,558,000

PURCHASE PRICE

$5,094$6,226$5,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,660
EXPENSES Loan Payment -$5,412
Property Tax -$1,619
Property Insurance -$111
HOA -$163
Property Management Fees -$129
CASH FLOW
-$1,773

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.

$1,558,000

PROJECTED PRICE

$5,660

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$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$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$418,620

INVESTMENT

$418,620

Down Payment
$389,500
Rehab Estimate
$5,750
Closing Costs
$23,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,412

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $389,500
Loan Amount $1,168,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$8,796

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
  • $6,292

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,0953$6,5004$7,000
$7,000
RENT COMPS ANALYSIS
  • 8461 High Rose Ter San Diego, CA 1
    • 5 beds 4 baths ∙ 3,323 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,323 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8111 Lazy River Road San Diego, CA 2
    • 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2012
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,095
    • $1.70
    •  
  • 16232 Almanor Way San Diego, CA 3
    • 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
    •  
  • 8118 Lazy River Rd San Diego, CA 4
    • 4 beds 5 baths ∙ 3,593 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,593 Sqft ∙ Built 2012
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Alyssa Guo
1.858.353.0935
Sunny Day Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007470
Last Updated: 03/27/2021
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