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8772 Ellingham St San Diego, CA 92129

3 Beds 2 Baths 1,549 sqft Built 1989

$849,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $548.10
  • 3 Days on Market
  • MLS # : 200054271
  • Updated Date : 12/19/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,549 sqft
  • Baths : 2 full
Listing Agent

Century 21 Award

Listing Agent's Description

Rare on market single story home on a corner lot in highly desirable Crestmont neighborhood. Great curb appeal, nice size lot 6,231 sq,ft. Open floor plan, Vaulted ceilings. Kitchen opens to breakfast nook and family room. Master bedroom w walk in closet. Dual pane windows and sliding doors thru entire house, Laminate wood floor, granite countertops. Easy access to 56 and 15. Walking distance to all three top rated Poway schools: Deer Canyon Elementary, Mesa Verde Middle, Westview High School.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bluffs

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k798k

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

Neighborhood: Bluffs

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400Rent in $16273411

* 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
Deer Canyon Elementary School Primary Regular 533 20 9
Mesa Verde Middle School Middle Regular 1,273 48 9
Westview High School High Regular 2,283 56 10

Deer Canyon Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 20
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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$3,132
Property Tax -$727
Property Insurance -$66
HOA -$50
Property Management Fees -$129
CASH FLOW
-$1,075

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.

$849,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,182

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
  • $3,036

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0954$3,3005$3,495
$3,495
RENT COMPS ANALYSIS
  • 8772 Ellingham St San Diego, CA 1
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8813 Donaker St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1989
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.02
    •  
  • 7880 Via Montebello #3 San Diego, CA 3
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2003
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.84
    •  
  • 14397 Meadowrun St San Diego, CA 4
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.98
    •  
  • 13480 Sparren Ct. San Diego, CA 5
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1985
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.00
    •  
PROPERTY LISTING DETAILS
Jane Hou
1.858.444.2428
Century 21 Award
BESbswy