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9667 Limar Way San Diego, CA 92129

4 Beds 3 Baths 2,468 sqft Built 1984

INVESTimate

$969,999

List Price

$3,520

$3,270 - $3,770

Rent Est.

$1,029,654  ( +6.15%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $393.03
  • 22 Days on Market
  • MLS # : 200037350
  • Updated Date : 08/26/2020 at 08:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,468 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams-carmel Valley

Listing Agent's Description

Your beautiful move in ready 4 bed/2.5 bath home awaits. Tastefully upgraded throughout with custom cabinetry in kitchen, bar, bathrooms, and laundry room. Features open floor plan with natural light, a second floor family room option, and a bonus room off the garage that can be used as a home office or gym. The backyard oasis has a custom outdoor BBQ and deck with built-in spa. Close to restaurants, entertainment, grocery, award winning schools, and parks.

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: Ridgewood

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $233k798k

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

Neighborhood: Ridgewood

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16273384

* 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
Canyon View Elementary School Primary Regular 524 22 10
Mesa Verde Middle School Middle Regular 1,273 48 9
Westview High School High Regular 2,283 56 10

Canyon View Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 22
10
GreatSchools Rating

Mesa Verde Middle School

  • Education Level: Middle
  • # of students: 1,273
  • # of teachers: 48
9
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 56
10
GreatSchools Rating
 

$872,999$1,066,999$969,999

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$3,579
Property Tax -$896
Property Insurance -$89
Property Management Fees -$129
CASH FLOW
-$1,173

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.

$969,999

PROJECTED PRICE

$3,520

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.15%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$262,800

INVESTMENT

$262,800

Down Payment
$242,500
Rehab Estimate
$5,750
Closing Costs
$14,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $242,500
Loan Amount $727,499
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,289

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
  • $3,776

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6953$4,200
$4,200
RENT COMPS ANALYSIS
  • 9667 Limar Way San Diego, 1
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13360 Calderon Road San Diego, 2
    • 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2000
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.46
    •  
  • 14117 Kellbara San Diego, 3
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.60
    •  
PROPERTY LISTING DETAILS
Deanne Lewis
1.818.399.6656
Keller Williams-carmel Valley
BESbswy