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11388 Cloudcrest Dr San Diego, CA 92127

4 Beds 2 Baths 1,600 sqft Built 1982

$829,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $518.69
  • 4 Days on Market
  • MLS # : 200053132
  • Updated Date : 12/03/2020 at 22:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Do not miss this single-story home in the highly desired High Country West Community Rancho Bernardo! This 4 bedroom, 2 bath home has been lovingly cared for and is ready for a new family to call it home. Located in one of the best locations within the community offering expansive 180-degree views of the mountains and valleys. Low HOA dues & no Mello-Roos. Within walking distance to Turtleback Elementary and within the highly acclaimed Poway School District. (See below for community info.)

SEE MORE

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

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
Turtleback Elementary School Primary Regular 573 23 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Turtleback Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 23
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
 

$746,910$912,890$829,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$3,062
Property Tax -$766
Property Insurance -$67
HOA -$100
Property Management Fees -$129
CASH FLOW
-$1,305

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.

$829,900

PROJECTED PRICE

$2,820

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$225,674

INVESTMENT

$225,674

Down Payment
$207,475
Rehab Estimate
$5,750
Closing Costs
$12,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,475
Loan Amount $622,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$258

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,820

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $2,784

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$2,8204$3,1005$3,295
$3,295
RENT COMPS ANALYSIS
  • 11388 Cloudcrest Dr San Diego, CA 3
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.76
    •  
  • 16009 Caminito Tomas San Diego, CA 1
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1988
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.84
    •  
  • 16134 Avenida Venusto Street #2 San Diego, CA 2
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1994
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.61
    •  
  • 11408 Caminito Corriente San Diego, CA 4
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1989
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.69
    •  
  • 11044 Avenida De Los Lobos San Diego, CA 5
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1989
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.82
    •  
PROPERTY LISTING DETAILS
Glen Henderson
1.619.996.8926
Big Block Realty, Inc.
BESbswy