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8777 Duncan Road San Diego, CA 92126

3 Beds 2 Baths 1,134 sqft Built 1974

$725,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $639.33
  • 10 Days on Market
  • MLS # : 210001298
  • Updated Date : 01/24/2021 at 05:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,134 sqft
  • Baths : 2 full
Listing Agent

Rcpm Of Sd

Listing Agent's Description

Totally Remodeled 3 Bedroom 2 Bath home. EXTERIOR: New Paint, New Patio slab and sidewalk, New Patio cover, new fence, new astro turfed front yard, new garage door. INTERIOR: Acoustics removed from ceilings, newly painted in decorator colors, new plank and carpeted flooring, new bathrooms, new Kitchen Cabinets, Counter Tops, Sink and Stainless Steal Stove and Dishwasher, new vinyl dual paned windows. New furnace. YOU'VE GOT TO SEE HOW BEAUTIFUL THIS HOME IS.

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: 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
Hage Elementary School Primary Regular 628 22 7
Wangenheim Middle School Middle Regular 912 39 7
Mira Mesa High School High Regular 2,453 106 9

Hage Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 22
7
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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,518
Property Tax -$729
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$1,122

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.

$725,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.4%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$118

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
  • $2,319

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,6504$2,7505$3,100
$3,100
RENT COMPS ANALYSIS
  • 8777 Duncan Road San Diego, CA 1
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11235 Avenida De Los Lobos #f San Diego, CA 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, CA 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
    •  
  • 10020 Scripps Vista Way #65 San Diego, CA 4
    • 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 1993
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.03
    •  
  • 10762 Fenwick Rd San Diego, CA 5
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
PROPERTY LISTING DETAILS
David Chambless
1.858.566.6260
Rcpm Of Sd
BESbswy