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9993 Kaufman Way San Diego, CA 92126

3 Beds 2 Baths 1,284 sqft Built 1985

$779,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $606.70
  • 38 Days on Market
  • MLS # : 210005122
  • Updated Date : 02/27/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,284 sqft
  • Baths : 2 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Welcome to your new "happy place". Exceptional LOCATION with POOL! This 3 bedroom 2 bath, single level home is move in ready with BRAND NEW ROOF, front exterior and full interior NEW PAINT. You'll be delighted as you enter this home with all updated DUAL PANE WINDOWS and HARD WOOD floors throughout. The kitchen is bright and open, with plenty of space for the chef and guests. French doors create a generous walkway into the spacious backyard, helping to bring the outside in. Close to schools, shopping, restaurants, parks, and freeway. See Supplement:

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Mira Mesa West

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $224k746k

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

Neighborhood: Mira Mesa West

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $14133384

* 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
Jonas Salk Elementary School Primary Unknown NA
Challenger Middle School Middle Regular 990 39 9
Mira Mesa High School High Regular 2,453 106 9

Jonas Salk Elementary School

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

Challenger Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 39
9
GreatSchools Rating

Mira Mesa High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 106
9
GreatSchools Rating
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,706
Property Tax -$762
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$856

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.

$779,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,074

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
  • $2,918

    COMP ESTIMATED VALUE
  • $2.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6903$2,7004$2,7505$3,250
$3,250
RENT COMPS ANALYSIS
  • 9993 Kaufman Way San Diego, CA 1
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10282 Kamwood Place San Diego, CA 2
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1989
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $2.37
    •  
  • 7331 Dancy Rd San Diego, CA 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.10
    •  
  • 10053 Kibler Drive San Diego, CA 4
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1984
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.43
    •  
  • 10685 Glendover Lane San Diego, CA 5
    • 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 1988
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.19
    •  
PROPERTY LISTING DETAILS
Prashila Sharma
1.858.414.3899
Corcoran Global Living
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005122
Last Updated: 02/27/2021
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