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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $305.31
- 4 Days on Market
- MLS # : 200052653
- Updated Date : 11/28/2020 at 17:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,129 sqft
- Baths : 3 full
Listing Agent
Active Realty
Listing Agent's Description
Welcome to the community of Blu Strand. Built in 2017, this 2-story home features gorgeous upgrades throughout. Including, but not limited to commercial grade laminate, granite counters, trendy tile, shiplap, crown molding, baseboard & edge trimming, newer fixtures, AC & fully owned solar. Full bedroom & bath downstairs, large closets with high ceilings & fans in every room. Situated on Thermal which offers ample parking for guests & free trash. Low yard maintenance & located 2 miles from Imperial Beach.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Egger Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Egger Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,470 |
EXPENSES | Loan Payment | -$2,398 |
Property Tax | -$636 | |
Property Insurance | -$81 | |
HOA | -$109 | |
Property Management Fees | -$129 | |
CASH FLOW
$117
|
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.
$650,000
PROJECTED PRICE
$3,470
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.15% |
Appreciation Year (1-5) | 6.5% |
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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $162,500 |
Loan Amount | $487,500 |
8.42
YEARS SAVED
$85,090
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,470
LIST RENT -
$1.63
LIST RENT PER SQFT
-
$3,864
COMP ESTIMATED VALUE -
$1.82
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.619.736.8008
Active Realty