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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $405.26
- 3 Days on Market
- MLS # : 200054916
- Updated Date : 01/02/2021 at 15:53
CONSTRUCTION
- Beds : 3
- Floor Size : 3,082 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Custom single level upgraded home in Fairway Pointe. 3 bedrooms + office/library with built ins 2.5 baths 3082 sq ft located on the 8th fairway/green of Bernardo Heights Country Club. Kitchen has granite counter tops, newer cabinets, stainless steel appliances. Large master bedroom/bath with Jacuzzi tub and custom tile shower and flooring. Light/bright family room with fireplace and sunny breakfast area. 3 car garage - Gated Community
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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
* 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 | $4,170 |
| EXPENSES | Loan Payment | -$4,608 |
| Property Tax | -$1,153 | |
| Property Insurance | -$105 | |
| HOA | -$250 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$2,075
|
||
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.
$1,249,000
PROJECTED PRICE
$4,170
PROJECTED RENT
0.33%
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
$336,735
LOAN DETAILS
$4,608
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $312,250 |
| Loan Amount | $936,750 |
0.17
YEARS SAVED
$155
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
-
$3,775
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
12355 Fairway Pointe Row San Diego, CA 1
- 3 beds 3 baths ∙ 3,082 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,082 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16601 Maverick Ln Poway, CA 2
- 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 1977
LEASED 05/22/20- Rent
- Rent Per SQFT
- $3,800
- $1.25
-
16475 Calle Pulido San Diego, CA 3
- 4 beds 3 baths ∙ 3,179 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,179 Sqft ∙ Built 1987
LEASED 06/02/20- Rent
- Rent Per SQFT
- $3,800
- $1.20
PROPERTY LISTING DETAILS
1.619.518.1783
Coldwell Banker Realty
