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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $316.15
- 7 Days on Market
- MLS # : 210001431
- Updated Date : 01/21/2021 at 21:55
CONSTRUCTION
- Beds : 4
- Floor Size : 1,610 sqft
- Baths : 3 full
Listing Agent
Cabrillo Mortgage & Realty Ser
Listing Agent's Description
4 Bedroom, 3 bathroom home with a comfortable layout. 1 Bedroom and bathroom upstairs. Home offers lots of potentials in the hot zip code of 92114. Dramatic views from rear yard. No HOA, No Mello roos.j
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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: Jamacha Lomita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jamacha Lomita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$1,768 |
| Property Tax | -$481 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$185
|
||
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.
$509,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$140,635
LOAN DETAILS
$1,768
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,250 |
| Loan Amount | $381,750 |
9.33
YEARS SAVED
$65,512
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,726
COMP ESTIMATED VALUE -
$1.69
COMP AVG. RENT PER SQFT
Comps Range
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942 Osage St San Diego, CA 1
- 4 beds 3 baths ∙ 1,610 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,610 Sqft ∙ Built 1975
- Rent
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- $0
- $0.00
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2408 Manzana Way San Diego, CA 2
- 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 1986
LEASED 02/20/20- Rent
- Rent Per SQFT
- $2,700
- $1.70
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7508 Easthill Dr San Diego, CA 3
- 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1991
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,795
- $1.71
-
110 Sears Ave San Diego, CA 4
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1969
LEASED 10/22/20- Rent
- Rent Per SQFT
- $3,000
- $1.67
PROPERTY LISTING DETAILS
1.760.331.3538
Cabrillo Mortgage & Realty Ser
