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9445 Pryor Dr Santee, CA 92071

4 Beds 3 Baths 2,217 sqft Built 2017

INVESTimate

$765,000

List Price

$3,230

$2,980 - $3,480

Rent Est.

$810,977  ( +6.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $345.06
  • 5 Days on Market
  • MLS # : 200040719
  • Updated Date : 08/23/2020 at 17:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 2 full , 1 half
Listing Agent

Willis Allen Real Estate

Listing Agent's Description

No HOA fees, No Mello-Roos fees in this 2017 built home! This light & bright house feels like a model home. Great layout with gorgeous laminate flooring throughout, cozy fireplace, plantation shutters & an open concept kitchen. Walk out the french doors to the nice sized yard complete with full outdoor kitchen, hot tub, large patio & dog run - perfect for pets, family & entertaining. The 3 car garage is an enthusiasts dream finished with epoxy floors, storage rack, flow wall, air hose reel and compressor.

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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: Santee

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $205k594k

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

Neighborhood: Santee

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14702885

* 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
Pride Academy At Prospect Avenue Elementary School Primary Regular 572 21 7
Pride Academy At Prospect Avenue Elementary School Middle Regular 572 21 7
West Hills High School High Regular 1,958 73 8

Pride Academy At Prospect Avenue Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 21
7
GreatSchools Rating

Pride Academy At Prospect Avenue Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 21
7
GreatSchools Rating

West Hills High School

  • Education Level: High
  • # of students: 1,958
  • # of teachers: 73
8
GreatSchools Rating
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,907$3,553$3,230

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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 $3,230
EXPENSES Loan Payment -$2,823
Property Tax -$768
Property Insurance -$83
Property Management Fees -$129
CASH FLOW
-$572

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$765,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.01%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$25,874

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
  • $3,436

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,900
$2,900
RENT COMPS ANALYSIS
  • 9445 Pryor Dr Santee, 1
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10147 Star Magnolia Santee, 2
    • 4 beds 4 baths ∙ 1,869 Sqft ∙ Built 2010 4 beds 4 baths ∙ 1,869 Sqft ∙ Built 2010
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.55
    •  
PROPERTY LISTING DETAILS
Kelly Dinnsen
1.858.922.3668
Willis Allen Real Estate
BESbswy