5543 Adobe Fls #10
SAN DIEGO, CA
Property Report
Property Details
- Type
- RCON
- Bed
- 2
- Bath
- 2.0
- Units
- Bldgs
- Stories
- 2
- Parking
- 1
- Year Built
- 1973
- Zoning
- Lot Sqft (ac)
- (0.00)
- Bldg Sqft
- 1144
- Listing Price
- $164,500
Listing Information
- Listing Date
- 2008-11-15
- MLS
- SANDICOR - 080077483
- Listing Agent
- David M. Harvey
- Listing Office
- Coldwell Banker Residential
Comments
REO BANK OWNED!! EASY and FAST ESCROW!! Hurry ... this property has been priced by the bank very low and will go quickly. Complex has BBQ, POOL/SPA/laundry and is close to SDSU. Perfect for first-time buyer or investor. This 2 / 2 has a great light feel and is move in ready. All Mls data deemed to be accurate but not guaranteed. Buyer/buyers agent to verify all information before close of escrow. Thank you for viewing and let's go to ESCROW!!...:)
Pictures
This information is provided by SANDICOR, Inc. Information deemed reliable but not guaranteed. Listing information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2008 SANDICOR, Inc. All rights reserved. Listings last updated: 2009-01-08 12:01:05.
Legal Description
- Parcel Number
- 4624401458
- Description
- US L-8-10PER DOC78-245159&INT IN LOT 2 TR 7231
- Subdivision
- ADOBE FALLS 01
Source: Public Records
Active & Recently Sold Comparables
Found 7 active comparable properties within a 1.5 mile radius, displaying top 5
| Address | Distance |
|---|---|
| 5565 Adobe | 0.0251 |
| 5473 Adobe #16 | 0.0888 |
| 5055 Collwood #48 | 0.9431 |
| 5046 Collwood #57 | 0.9516 |
| 5025 Collwood #19 | 0.9629 |
Found 7 sold comparable properties within a 1.5 mile radius, displaying top 5
| Address | Distance |
|---|---|
| 5543 ADOBE FALLS #6 | 0.0000 |
| 5523 ADOBE FALLS #15 | 0.0217 |
| 5483 ADOBE FALLS #11 | 0.0785 |
| 5483 ADOBE FALLS #16 | 0.0785 |
| 4562 TWAIN #9 | 0.9236 |
Rental comparables
| Source | Accuracy | Low | Median | High | # of Comparables | More info |
|---|---|---|---|---|---|---|
| Rentometer | Census Tract | $1,170 | $1,325 | $1,450 | 24 | Comparables Report |
| HUD FMR | Statistical Area (CBSA) | $1,355 | Not applicable | HUD FMR Information |
Investment Summary
This investment summary assumes a 30-year fixed loan, 20% down, 7% APR. It uses operating assumptions of 10% management fees, 9% vacancy allotment, 3% repairs. This investment summary assumes that rents increase each year by 5%. This property would need to be purchased for $184,500 in order to generate a break-even cashflow based on prevaliing market rents.
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
|---|---|---|---|---|---|
| Break-even Purchase Price | $184,500 | ||||
| Rents | $15,900 |
$18,065 |
$17,441 |
$17,727 |
$18,920 |
| Cashflow Before Taxes | $-1,951 |
$-262 |
$-749 |
$-526 |
$405 |
| Cash-on-Cash Return | -5.29% |
-0.71% |
-2.03% |
-1.42% |
1.10% |
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