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9108 Christiana Spring Valley, CA 91977

3 Beds 2 Baths 1,600 sqft Built 1978

$575,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $359.38
  • 4 Days on Market
  • MLS # : 200054566
  • Updated Date : 12/27/2020 at 04:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Crown Pacific Properties

Listing Agent's Description

$565,000-575,000 BEAUITFULL Spring Valley Ranch style home 1600 square feet, open floor plan, vaulted ceilings, fire place, quartz countertops with marble backsplash, stainless steel appliances and plenty of cabinet space. Hard wood flooring, celling fans, recessed lighting, updated windows & exterior siding. Many more extras. Must see to appreciate. Buyer and Buyers agent to verify all details prior to close of escrow. Use link below to send PEAD: https://app.glide.com/pp/59ca13qeJ2PgE81J37Uik7?source

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: La Presa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: La Presa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542885

* 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
La Presa Elementary School Primary Regular 456 15 4
La Presa Elementary School Middle Regular 456 15 4
Mount Miguel High School High Regular 1,483 68 4

La Presa Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 15
4
GreatSchools Rating

La Presa Elementary School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 15
4
GreatSchools Rating

Mount Miguel High School

  • Education Level: High
  • # of students: 1,483
  • # of teachers: 68
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,122
Property Tax -$638
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$326

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$575,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$27,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,6503$2,7004$3,000
$3,000
RENT COMPS ANALYSIS
  • 9108 Christiana Spring Valley, CA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.64
    •  
  • 1325 Manzana Way San Diego, CA 2
    • 4 beds 3 baths ∙ 1,701 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,701 Sqft ∙ Built 1986
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.56
    •  
  • 2408 Manzana Way San Diego, CA 3
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 1986
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.70
    •  
  • 10008 Ledgeside St Spring Valley, CA 4
    • 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 1976
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.74
    •  
PROPERTY LISTING DETAILS
Darrill Cook
1.619.459.7800
Crown Pacific Properties
BESbswy