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8714 Stipa Ct San Diego, CA 92129

3 Beds 3 Baths 2,420 sqft Built 1990

INVESTimate

$995,000

List Price

$3,570

$3,320 - $3,820

Rent Est.

$1,050,223  ( +5.55%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $411.16
  • 50 Days on Market
  • MLS # : 200038777
  • Updated Date : 08/23/2020 at 23:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,420 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker West

Listing Agent's Description

Highly desired Park Village home located in a cul-de-sac on an oversized lot. Upon entering the south facing double door entry of this home you will be greeted by endless windows allowing for tons of natural light, vaulted ceilings, & beautiful curved staircase. The oversized kitchen provides granite countertops, white cabinetry, double oven, a cooktop island and ample prep space. The main level is completed by a bonus room that could be an office, bedroom or den and a full bathroom with walk in shower.

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: Penasquitos Park View Estates

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k798k

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

Neighborhood: Penasquitos Park View Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273528

* 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
Park Village Elementary School Primary Regular 652 26 9
Mesa Verde Middle School Middle Regular 1,273 48 9
Westview High School High Regular 2,283 56 10

Park Village Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 26
9
GreatSchools Rating

Mesa Verde Middle School

  • Education Level: Middle
  • # of students: 1,273
  • # of teachers: 48
9
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 56
10
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,213$3,927$3,570

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-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,671
Property Tax -$886
Property Insurance -$88
Property Management Fees -$129
CASH FLOW
-$1,204

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.

$995,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.55%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,739

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,5703$3,800
$3,800
RENT COMPS ANALYSIS
  • 8714 Stipa Ct San Diego, 2
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.48
    •  
  • 13456 Russet Leaf Lane San Diego, 1
    • 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 1991
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.42
    •  
  • 7414 Park Village Road San Diego, 3
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1995
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.67
    •  
PROPERTY LISTING DETAILS
Amber Tannehill
1.619.315.9064
Coldwell Banker West
BESbswy