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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $452.82
- 2 Days on Market
- MLS # : 200054330
- Updated Date : 12/20/2020 at 02:14
CONSTRUCTION
- Beds : 5
- Floor Size : 2,639 sqft
- Baths : 3 full
Listing Agent
Krc Realty, Inc.
Listing Agent's Description
Beautiful west facing canyon view home in sought after Park Village neighborhood. NO HOA or Mello Roos. Updated home with newly remodeled bathrooms. Kitchen has granite counter tops, stainless steel appliances, island, recessed lighting,and lots of cabinet space. Wood flooring throughout. Walking distance to the Los Penasquitos Preserve, several parks and award winning Poway School District elementary school. Picture yourself enjoying the sunsets in your park like backyard with grassy area, pergola and
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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: Penasquitos Park View Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Penasquitos Park View Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,160 |
| EXPENSES | Loan Payment | -$4,409 |
| Property Tax | -$1,064 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,535
|
||
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.
$1,195,000
PROJECTED PRICE
$4,160
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.6% |
| 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
$322,425
LOAN DETAILS
$4,409
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $298,750 |
| Loan Amount | $896,250 |
0.92
YEARS SAVED
$5,084
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
-
$4,156
COMP ESTIMATED VALUE -
$1.58
COMP AVG. RENT PER SQFT
Comps Range
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12246 Darkwood San Diego, CA 1
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LEASED 09/04/20- Rent
- Rent Per SQFT
- $3,450
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12673 Via Las Lenas San Diego, CA 3
- 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1998
LEASED 01/24/20- Rent
- Rent Per SQFT
- $3,600
- $1.47
-
12359 Picrus San Diego, CA 4
- 5 beds 4 baths ∙ 2,639 Sqft ∙ Built 1989 5 beds 4 baths ∙ 2,639 Sqft ∙ Built 1989
LEASED 06/16/20- Rent
- Rent Per SQFT
- $4,300
- $1.63
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12274 Darkwood Road San Diego, CA 5
- 5 beds 3 baths ∙ 2,639 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,639 Sqft ∙ Built 1991
LEASED 03/24/20- Rent
- Rent Per SQFT
- $4,500
- $1.71
PROPERTY LISTING DETAILS
1.858.243.3545
Krc Realty, Inc.
