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9669 Via Kenora Spring Valley, CA 91977

3 Beds 3 Baths 2,200 sqft Built 1979

$679,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $308.64
  • 2 Days on Market
  • MLS # : 210005876
  • Updated Date : 03/06/2021 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,200 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

CASA DE ORO MOUNT HELIX MEDITERRANEAN HILL TOP VILLA TILE ROOF CENTRAL AIR AND HEAT FIREPLACE FANTASTIC VIEW, FINISHED 2 CAR GARAGE AND COVERED R/V PARKING FRUIT TREES GRAPEVINES WITH RAISED BED GARDEN AREA. 2 FAMILY ROOMS WET BAR, 2 OUT BUILDINGS AND A CALIFORNIA ROOM WITH A SPA GREAT ROOM FOR ARTIST STUDIO. COULD EASILY BE A 4 BEDROOM HOME. DOUBLE DOOR ENTRY VERY PRIVATE LOCATION BEAUTIFUL ROCK WORK THIS IS A DIAMOND IN THE ROUGH NEEDS SOME TLC AND UPDATING THIS HOME WILL SELL FOR OVER $800,000 FIXED UP

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $201k594k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13612885

* 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
Spring Valley Middle School Middle Regular 506 22 3
Monte Vista High School High Regular 1,657 76 7
Monte Vista High School High Unknown NA

Spring Valley Middle School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 22
3
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 76
7
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$611,100$746,900$679,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,358
Property Tax -$740
Property Insurance -$83
Property Management Fees -$129
CASH FLOW
-$30

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.

$679,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$58,657

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
  • $3,784

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,195
$3,195
RENT COMPS ANALYSIS
  • 9669 Via Kenora Spring Valley, CA 1
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3705 Avenida Johanna La Mesa, CA 2
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.72
    •  
PROPERTY LISTING DETAILS
Jim Carmichael
1.619.670.6663
Keller Williams Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005876
Last Updated: 03/06/2021
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