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9876 Paseo Montril San Diego, CA 92129

3 Beds 2 Baths 1,558 sqft Built 1978

$879,900

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $564.76
  • 2 Days on Market
  • MLS # : 210003287
  • Updated Date : 02/07/2021 at 05:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,558 sqft
  • Baths : 2 full
Listing Agent

Homesmart Realty West

Listing Agent's Description

VRP $849,900-$879,900. Must see remodeled home with no expense spared! New custom kitchen with beautiful quartz counter tops, new floors & stainless steel appliances. Master bedroom w/full bath. Living room w/new modern floors perfect for entertaining! Bathrooms have new modern tiled floors & showers, sinks, white wood cabinets, & brushed nickel lights / fixtures. Modern touches & new dual pane windows throughout home. Large yard! VA ok!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$791,910$967,890$879,900

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$3,056
Property Tax -$812
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
-$1,274

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.

$879,900

PROJECTED PRICE

$2,790

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,924

INVESTMENT

$238,924

Down Payment
$219,975
Rehab Estimate
$5,750
Closing Costs
$13,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,975
Loan Amount $659,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$394

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
  • $2,984

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,9904$3,1005$3,400
$3,400
RENT COMPS ANALYSIS
  • 9876 Paseo Montril San Diego, CA 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9581 Pipilo St San Diego, CA 2
    • 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1987
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.96
    •  
  • 12948 Pine Manor Ct San Diego, CA 3
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 1983
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.78
    •  
  • 9446 Pipilo St San Diego, CA 4
    • 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1987
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.96
    •  
  • 11106 Ivy Hill Dr San Diego, CA 5
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1998
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
Miguel Molina
1.619.955.7551
Homesmart Realty West
BESbswy