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9206 Three Seasons Rd San Diego, CA 92126

4 Beds 2 Baths 1,657 sqft Built 1976

$689,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $415.81
  • 4 Days on Market
  • MLS # : 200054875
  • Updated Date : 01/01/2021 at 19:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,657 sqft
  • Baths : 2 full
Listing Agent

Rc Realty Of San Diego

Listing Agent's Description

Make it your own! Nice large 4 bedroom with a loft area for all the family to enjoy or convert loft area into 5th bedroom. A nice private backyard with covered patio for all your kids to play. This is home is centrally located to Miramar College, Wangenheim Middle School and Transportation.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Mason Elementary School Primary Regular 824 32 7
Wangenheim Middle School Middle Regular 912 39 7
Mira Mesa High School High Regular 2,453 106 9

Mason Elementary School

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 32
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
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,542
Property Tax -$674
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$534

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.

$689,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.42%

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

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$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$20,127

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
  • $3,003

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,7504$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 9206 Three Seasons Rd San Diego, CA 1
    • 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10263 Baroness Avenue San Diego, CA 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1972
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.90
    •  
  • 10880 Buckhurst Ave San Diego, CA 3
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1974
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.85
    •  
  • 10292 Covina Pl San Diego, CA 4
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.73
    •  
  • 10580 Canyon Lake Dr San Diego, CA 5
    • 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1972
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.77
    •  
PROPERTY LISTING DETAILS
Val Francis
1.619.847.8962
Rc Realty Of San Diego
BESbswy