Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
8463 Lake Baca Dr 
San Diego, CA
92119
3 Beds 2 Baths 1,309 sqft
Built 1960
INVESTimate
$654,900
List Price
$179,299
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1960
- Price/Sqft : $500.31
- 3 Days on Market
- MLS # : 200041021
- Updated Date : 08/25/2020 at 20:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,309 sqft
- Baths : 2 full
Listing Agent
V & S Realty
Listing Agent's Description
Highly sought after San Carlos area home for sale. This home will not last due to the great location. Walk down to the San Carlos Community Garden for fresh fruit and vegetables or the San Carlos Recreation Center where they have volleyball and basketball leagues year-round along with other sports and classes (may be on hold due to covid). Property has had many upgrades. Roof, AC, & Paint done Nov. 2013. Upgraded dual pane windows, epoxy garage floor. Backyard has Mature Fruit trees.
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: Lake Murray
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Murray
* 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 | $2,410 |
| EXPENSES | Loan Payment | -$2,416 |
| Property Tax | -$659 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$854
|
||
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.
$654,900
PROJECTED PRICE
$2,410
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$179,299
LOAN DETAILS
$2,416
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $163,725 |
| Loan Amount | $491,175 |
0.83
YEARS SAVED
$2,672
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.84
LIST RENT PER SQFT
-
$2,422
COMP ESTIMATED VALUE -
$1.85
COMP AVG. RENT PER SQFT
Comps Range
-
8463 Lake Baca Dr San Diego, 1
- 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $2,410
- $1.84
-
6350 Severin Dr. La Mesa, 2
- 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1955
LEASED 05/10/19- Rent
- Rent Per SQFT
- $2,495
- $1.90
-
8779 Van Horn La Mesa, 3
- 3 beds 3 baths ∙ 1,485 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,485 Sqft ∙ Built 1975
LEASED 06/13/19- Rent
- Rent Per SQFT
- $2,750
- $1.85
-
7260 Cowles Mountain Blvd. San Diego, 4
- 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1966
LEASED 05/08/19- Rent
- Rent Per SQFT
- $2,950
- $1.80
PROPERTY LISTING DETAILS
1.619.277.8412
V & S Realty
