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11011 Ipai Ct. San Diego, CA 92127

5 Beds 3 Baths 2,904 sqft Built 1997

INVESTimate

$989,000

List Price

$3,980

$3,730 - $4,230

Rent Est.

$1,047,944  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $340.56
  • 7 Days on Market
  • MLS # : 200040261
  • Updated Date : 08/25/2020 at 00:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,904 sqft
  • Baths : 3 full
Listing Agent

San Diego Sunrise Realty

Listing Agent's Description

Spacious, high ceiling, 5B3B fabulous home! Ideally situated on a quiet cut-de-sac in Rancho Bernardo. Highly upgraded with hardwood floors, 36" professional stove, rebuilt kitchen with new appliances, shelves and counters, rebuilt bathrooms, new and upgraded front and backyard irrigation system. The home sits on a nearly 1/3-acre lot with a spacious backyard ideal for gardening, small orchard or yard. Close to schools, shopping, restaurants and freeway. Located in the Award winning Poway School District.

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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: Rancho Bernardo

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

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

Neighborhood: Rancho Bernardo

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
Westwood Elementary School Primary Regular 798 30 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Westwood Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 30
9
GreatSchools Rating

Bernardo Heights Middle School

  • Education Level: Middle
  • # of students: 1,449
  • # of teachers: 55
8
GreatSchools Rating

Rancho Bernardo High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 80
9
GreatSchools Rating
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

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-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$3,649
Property Tax -$1,028
Property Insurance -$100
HOA -$100
Property Management Fees -$129
CASH FLOW
-$1,026

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.

$989,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.96%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$12,285

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
  • $4,317

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,2004$4,300
$4,300
RENT COMPS ANALYSIS
  • 11011 Ipai Ct. San Diego, 1
    • 5 beds 3 baths ∙ 2,904 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,904 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17483 Drayton Hall Way San Diego, 2
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1980
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.49
    •  
  • 11016 Ipai Ct San Diego, 3
    • 4 beds 4 baths ∙ 3,090 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,090 Sqft ∙ Built 1997
    LEASED 05/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.36
    •  
  • 11468 Alcalde Ct San Diego, 4
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 1980
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.61
    •  
PROPERTY LISTING DETAILS
Sharon Wang
1.858.888.5197
San Diego Sunrise Realty
BESbswy