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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $490.80
- 5 Days on Market
- MLS # : 210002904
- Updated Date : 02/05/2021 at 03:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,956 sqft
- Baths : 2 full , 1 half
Listing Agent
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Listing Agent's Description
This 3 bedroom 2 1/2 bath home sits in the sought after Sabre Springs area! Located at the end of beautiful cul-de-sac! This is property has a private backyard with no neighbors to the right with a pool on solar! Surrounded in the award winning Poway Unified Schools District! Walking distance to Creekside Elementary, easy access to the 15 hwy! No Mello Roos with very low HOA! Community boasts hiking and biking trails with community parks and more!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sabre Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sabre Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$3,334 |
| Property Tax | -$882 | |
| Property Insurance | -$76 | |
| HOA | -$45 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,327
|
||
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.
$960,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 6.3% |
| 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
$260,150
LOAN DETAILS
$3,334
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $240,000 |
| Loan Amount | $720,000 |
0.33
YEARS SAVED
$761
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,140
LIST RENT -
$1.61
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
11909 Briarleaf Way San Diego, CA
- 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $3,140
- $1.61
PROPERTY LISTING DETAILS
1.760.415.7007
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