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924 Santa Hidalga Solana Beach, CA 92075

4 Beds 2 Baths 1,876 sqft Built 1977

$1,459,999

List Price

$5,190

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $778.25
  • 61 Days on Market
  • MLS # : 210000196
  • Updated Date : 01/09/2021 at 02:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,876 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Carmel Valley

Listing Agent's Description

Lovely one story Solana Beach home, in Santa Fe Hills neighborhood. Enjoy sunset overlooking the Lagoon, from private backyard w/pool size lot. Beautifully updated kitchen with quartzite counters, new cabinetry, farmhouse sink, stainless appliances, 5-burner gas stove. Real hardwood flooring extends through living areas. Master bedroom opens to stunning vista. Plum, Apple, Avocado and Mulberry tree's. Enjoy a 3-car garage, neighborhood ocean views, and hiking trails!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Solana Beach

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $240k1260k

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

Neighborhood: Solana Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275213

* 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
Solana Vista School Primary Regular 458 23 10
Earl Warren Middle School Middle Regular 715 27 9
Torrey Pines High School High Regular 2,752 103 10

Solana Vista School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 23
10
GreatSchools Rating

Earl Warren Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 27
9
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,313,999$1,605,999$1,459,999

PURCHASE PRICE

$4,671$5,709$5,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,190
EXPENSES Loan Payment -$5,071
Property Tax -$1,496
Property Insurance -$74
HOA -$10
Property Management Fees -$129
CASH FLOW
-$1,591

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.

$1,459,999

PROJECTED PRICE

$5,190

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 8.1%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$392,650

INVESTMENT

$392,650

Down Payment
$365,000
Rehab Estimate
$5,750
Closing Costs
$21,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,071

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $365,000
Loan Amount $1,094,999
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$9,161

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
  • $5,206

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9003$5,0004$5,2005$6,000
$6,000
RENT COMPS ANALYSIS
  • 924 Santa Hidalga Solana Beach, CA 1
    • 4 beds 2 baths ∙ 1,876 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,876 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1435 Santa Marta Ct Solana Beach, CA 2
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1975
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.61
    •  
  • 418 Glencrest Dr Solana Beach, CA 3
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1958
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.77
    •  
  • 603 Solana Hills Ct Solana Beach, CA 4
    • 4 beds 3 baths ∙ 1,925 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,925 Sqft ∙ Built 1970
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.70
    •  
  • 807 Santa Rosita Solana Beach, CA 5
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1971
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $3.02
    •  
PROPERTY LISTING DETAILS
Lisa Becker
1.858.922.8119
Keller Williams Carmel Valley
BESbswy