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12500 Pacato Cir S San Diego, CA 92128

4 Beds 3 Baths 2,061 sqft Built 1969

INVESTimate

$894,900

List Price

$3,210

$2,960 - $3,460

Rent Est.

$948,236  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $434.21
  • 9 Days on Market
  • MLS # : 200039926
  • Updated Date : 08/23/2020 at 22:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,061 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Entertainers dream in the highly desirable Gatewood Hills neighborhood of RB! Renovated from top to bottom with the finest hand selected finishes. The clean design boasts beautiful vinyl flooring, updated kitchen & baths, master suite with walk-in closet and custom window shutters! Sitting on a 13,000 square foot lot, outdoor entertaining is a breeze thanks to the custom pergola & lush landscaping. Relax and unwind by taking the private stairs that lead up the hillside to take in the gorgeous view.

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MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Chaparral Elementary School Primary Regular 839 32 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 32
9
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
 

$805,410$984,390$894,900

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,302
Property Tax -$826
Property Insurance -$79
HOA -$489
Property Management Fees -$129
CASH FLOW
-$1,615

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.

$894,900

PROJECTED PRICE

$3,210

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.96%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,899

INVESTMENT

$242,899

Down Payment
$223,725
Rehab Estimate
$5,750
Closing Costs
$13,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,725
Loan Amount $671,175
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$95

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,210

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $3,184

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$3,0003$3,2104$3,3955$3,500
$3,500
RENT COMPS ANALYSIS
  • 12500 Pacato Cir S San Diego, 3
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.56
    •  
  • 16603 San Salvador Rd. San Diego, 1
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1967
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.46
    •  
  • 12824 Via Caballo Rojo San Diego, 2
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1976
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.45
    •  
  • 16427 Orchard Bend Road Poway, 4
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1968
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.62
    •  
  • 13120 Grape Arbor Way Poway, 5
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1978
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.65
    •  
PROPERTY LISTING DETAILS
Arash Rokni
1.619.762.0777
Compass
BESbswy