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12556 Pomerado Ct. San Diego, CA 92128

4 Beds 3 Baths 2,061 sqft Built 1969

$900,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $436.68
  • 12 Days on Market
  • MLS # : 200049677
  • Updated Date : 10/26/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,061 sqft
  • Baths : 2 full , 1 half
Listing Agent

Carroll Property Mgmt

Listing Agent's Description

Rare find in highly desirable Gatewood Hills neighborhood or RB. Hurry, won't last! Beautifully renovated home with impressive entry overlooking stunning living room with Vaulted ceilings, granite fireplace, new wood laminate flooring downstairs, gourmet state of the art eat in kitchen with granite countertops, custom travertine and granite floors, and all new appliances. Master suite with ample closet space, and beautifully appointed master bathroom. Second bedroom upstairs, has private suite attached.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$810,000$990,000$900,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$3,321
Property Tax -$831
Property Insurance -$79
Property Management Fees -$129
CASH FLOW
-$1,190

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.

$900,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,246

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,9503$3,0004$3,1705$3,500
$3,500
RENT COMPS ANALYSIS
  • 12556 Pomerado Ct. San Diego, CA 4
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.54
    •  
  • 16603 San Salvador Rd. San Diego, CA 1
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1967
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.46
    •  
  • 12388 Grandee Court San Diego, CA 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.69
    •  
  • 17659 Adena Lane San Diego, CA 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1981
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
  • 13120 Grape Arbor Way Poway, CA 5
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1978
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.65
    •  
PROPERTY LISTING DETAILS
Patti Carroll
1.858.602.6777
Carroll Property Mgmt
BESbswy