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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $516.19
- 2 Days on Market
- MLS # : 210001377
- Updated Date : 01/17/2021 at 04:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,482 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Beautiful home in the Westwood neighborhood with spacious front and backyard. Seller has made several upgrades including newer A/C and furnace, canned lighting, ceiling fans, custom built in desk, bookcases, and window seat. Backyard has new concrete, patio cover, and artificial turf. Great wood fort in the back for adventures. Great proximity and walking distance to Turtle Back Elementary in the Poway Unified School District. Close to Westwood Club, shops, restaurants, and quick access to the 15 freeway.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Rancho Bernardo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Bernardo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$2,657 |
| Property Tax | -$706 | |
| Property Insurance | -$64 | |
| HOA | -$489 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,376
|
||
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.
$765,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$208,475
LOAN DETAILS
$2,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $191,250 |
| Loan Amount | $573,750 |
0.08
YEARS SAVED
$53
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,677
COMP ESTIMATED VALUE -
$1.81
COMP AVG. RENT PER SQFT
Comps Range
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11065 Autillo Way San Diego, CA 1
- 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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12767 Camino De La Breccia #79 San Diego, CA 2
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1980
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $2,450
- $1.81
-
10819 Matinal Circle San Diego, CA 3
- 3 beds 3 baths ∙ 1,622 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,622 Sqft ∙ Built 1986
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $2,850
- $1.76
-
10941 Matinal Cir San Diego, CA 4
- 3 beds 3 baths ∙ 1,622 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,622 Sqft ∙ Built 1986
![property image]()
LEASED 07/19/20- Rent
- Rent Per SQFT
- $2,999
- $1.85
PROPERTY LISTING DETAILS
1.619.850.9869
Compass
