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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $494.82
- 4 Days on Market
- MLS # : 200052705
- Updated Date : 11/27/2020 at 22:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,122 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
One of a Kind 1-story Chateau Lafite Plan at Chateau Bernardo featuring a two car and a golf cart garage, recently added with permits. Magnificent views from this 3 bedroom, 2 baths home in extraordinary condition make this a very special property . Enjoy the resort style backyard with unobstructed city and mountain views as your staycation or to entertain family and friends. Private Bernardo Heights Country Club is available for membership. Bernardo Heights Recreation facilities incl in the HOA.
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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 | $3,320 |
| EXPENSES | Loan Payment | -$3,874 |
| Property Tax | -$969 | |
| Property Insurance | -$81 | |
| HOA | -$71 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,804
|
||
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.
$1,050,000
PROJECTED PRICE
$3,320
PROJECTED RENT
0.32%
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
$284,000
LOAN DETAILS
$3,874
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $262,500 |
| Loan Amount | $787,500 |
0.17
YEARS SAVED
$124
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,320
LIST RENT -
$1.56
LIST RENT PER SQFT
-
$3,491
COMP ESTIMATED VALUE -
$1.65
COMP AVG. RENT PER SQFT
Comps Range
-
12114 Avenida Consentido San Diego, CA 2
- 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $3,320
- $1.56
-
16061 Avenida Aveiro San Diego, CA 1
- 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1986
LEASED 01/04/20- Rent
- Rent Per SQFT
- $3,100
- $1.67
-
11934 Avenida Consentido San Diego, CA 3
- 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 1988
LEASED 07/11/20- Rent
- Rent Per SQFT
- $3,600
- $1.70
-
11382 Turtleback San Diego, CA 4
- 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1981
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,655
- $1.68
-
16295 Via Embeleso San Diego, CA 5
- 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
PROPERTY LISTING DETAILS
1.858.229.8335
Coldwell Banker Realty
