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8797 Calle Tragar San Diego, CA 92129

4 Beds 3 Baths 2,790 sqft Built 1988

$999,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $358.06
  • 3 Days on Market
  • MLS # : 200052695
  • Updated Date : 11/28/2020 at 20:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,790 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Carmel Valley

Listing Agent's Description

Beautiful 4-5 Bedroom home in Crestmont neighborhood of Rancho Penasquitos; Formal entry and staircase; updated kitchen with granite counters and stainless steel appliances, walk-in pantry; Home backs to open space canyon and offers privacy, builtin BBQ; one bedroom and bath downstairs, huge 5th bonus/bedroom upstairs (no closet); 3 car garage - Top Poway Unified Schools - Westview HS, Mesa Verde Middle, Deer Canyon Elem

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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$3,686
Property Tax -$856
Property Insurance -$97
HOA -$17
Property Management Fees -$129
CASH FLOW
-$975

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.

$999,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.38%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$16,748

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
  • $4,073

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5503$3,6004$3,6955$3,800
$3,800
RENT COMPS ANALYSIS
  • 8797 Calle Tragar San Diego, CA 1
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13456 Russet Leaf Lane San Diego, CA 2
    • 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
    •  
  • 12673 Via Las Lenas San Diego, CA 3
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1998
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.47
    •  
  • 13360 Calderon Road San Diego, CA 4
    • 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2000
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.46
    •  
  • 14294 Dalhousie Road San Diego, CA 5
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1987
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.49
    •  
PROPERTY LISTING DETAILS
Anne-marie Mccormick
1.619.857.7203
Keller Williams Carmel Valley
BESbswy