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11955 Avenida Consentido San Diego, CA 92128

4 Beds 3 Baths 2,644 sqft Built 1988

$1,015,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $383.89
  • 14 Days on Market
  • MLS # : 200054479
  • Updated Date : 12/31/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,644 sqft
  • Baths : 3 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Located in the desirable Chateau Bernardo neighborhood, this home features beautiful Acacia wood flooring, newer carpet, & updated design features throughout. The private backyard features a gazebo, firepit & beautiful hardscape/landscaping. Vaulted ceilings give an abundance of natural light throughout the home. The large master suite has a large walk in closet, updated master bath with a separate tub and walk in shower. Downstairs office & full bath. Bernardo Heights CC features pool, tennis, clubhouse.

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MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Highland Ranch Elementary School Primary Regular 745 27 7
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Highland Ranch Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 27
7
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
 

$913,500$1,116,500$1,015,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,745
Property Tax -$937
Property Insurance -$94
HOA -$71
Property Management Fees -$129
CASH FLOW
-$1,236

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.

$1,015,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.37%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$274,725

INVESTMENT

$274,725

Down Payment
$253,750
Rehab Estimate
$5,750
Closing Costs
$15,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,745

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $253,750
Loan Amount $761,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,067

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
  • $4,019

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3953$3,7504$3,750
$3,750
RENT COMPS ANALYSIS
  • 11955 Avenida Consentido San Diego, CA 1
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17562 Bocage Point San Diego, CA 2
    • 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 1986
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.45
    •  
  • 16295 Via Embeleso San Diego, CA 3
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1985
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.53
    •  
  • 11694 Caminito Corriente San Diego, CA 4
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1988
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.58
    •  
PROPERTY LISTING DETAILS
Karen Pado
1.858.967.5784
Windermere Homes & Estates
BESbswy