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1166 Holly Ave #11 # 11 
Imperial Beach, CA
91932
3 Beds 3 Baths 1,892 sqft
Built 2020
INVESTimate
$685,000
List Price
$183,525
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $362.05
- 2 Days on Market
- MLS # : 200041070
- Updated Date : 08/25/2020 at 15:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,892 sqft
- Baths : 2 full , 1 half
Listing Agent
West Coast Investments
Listing Agent's Description
Only 1 Model C left at Breezeline, Imperial Beach's newest community! Unit 11 is the most competitively priced out of the 15 New Construction homes and includes 1,892 square feet of living space, 3 bedrooms, bonus room, 2.5 baths, ample backyard space, and 3 parking spots (2 garage + 1 outdoor). High end finishes include calacatta quartz covered counters and kitchen island, cream wood grain soft close cabinets, and extremely durable SPC flooring. Designed by DBRDS, VA approved*, low HOA, no Mello Roos...
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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: Imperial Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Imperial Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,160 |
| EXPENSES | Loan Payment | -$2,527 |
| Property Tax | -$810 | |
| Property Insurance | -$75 | |
| HOA | -$147 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$528
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.
$685,000
PROJECTED PRICE
$3,160
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.15% |
| Appreciation Year (1-5) | 11.34% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 4.16% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$183,525
LOAN DETAILS
$2,527
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $171,250 |
| Loan Amount | $513,750 |
3.17
YEARS SAVED
$19,938
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,160
LIST RENT -
$1.67
LIST RENT PER SQFT
-
$3,507
COMP ESTIMATED VALUE -
$1.85
COMP AVG. RENT PER SQFT
Comps Range
-
1166 Holly Ave #11 Imperial Beach, 2
- 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $3,160
- $1.67
-
524 Turnstone Lane Imperial Beach, 1
- 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 2017
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LEASED 04/05/19- Rent
- Rent Per SQFT
- $3,100
- $1.76
-
1767 Gentle Current Way San Diego, 3
- 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2017
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LEASED 02/18/20- Rent
- Rent Per SQFT
- $3,199
- $1.92
-
961 Rolling Dunes Way San Diego, 4
- 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 2017
![property image]()
LEASED 04/23/20- Rent
- Rent Per SQFT
- $3,795
- $1.88
PROPERTY LISTING DETAILS
1.619.415.4772
West Coast Investments
