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9190 Reagan Road San Diego, CA 92126

3 Beds 2 Baths 1,384 sqft Built 1972

INVESTimate

$729,000

List Price

$2,630

$2,380 - $2,880

Rent Est.

$777,333  ( +6.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $526.73
  • 5 Days on Market
  • MLS # : 200040799
  • Updated Date : 08/25/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,384 sqft
  • Baths : 2 full
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

*Offered $699,000 to $729,000*.Amazing opportunity to own in the heart of the Mira Mesa. This home has it all. Upgraded kitchen, flooring and double pane windows with plantation shutters throughout. Remodeled master bedroom w/ california style walk in closet. AIR CONDITIONING. SOLAR HEATED POOL in spacious backyard. Perfect for entertaining.

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 West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $224k746k

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

Neighborhood: Mira Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14133384

* 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
Hickman Elementary School Primary Regular 581 21 9
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Hickman Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 21
9
GreatSchools Rating

Challenger Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 39
9
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,690
Property Tax -$713
Property Insurance -$62
Property Management Fees -$129
CASH FLOW
-$964

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.

$729,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.63%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,549

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
  • $1.9

    LIST RENT PER SQFT
  • $2,768

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6303$2,6504$2,7505$3,100
$3,100
RENT COMPS ANALYSIS
  • 9190 Reagan Road San Diego, 2
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.90
    •  
  • 11235 Avenida De Los Lobos #f San Diego, 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1990
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.95
    •  
  • 8304 Menkar Rd San Diego, 3
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1975
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.08
    •  
  • 10880 Buckhurst Ave San Diego, 4
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.85
    •  
  • 10762 Fenwick Rd San Diego, 5
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1974
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
PROPERTY LISTING DETAILS
Joel Caparas
1.858.336.6420
Pacific Sotheby's Int'l Realty
BESbswy