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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $508.04
- 14 Days on Market
- MLS # : 200054575
- Updated Date : 01/03/2021 at 04:41
CONSTRUCTION
- Beds : 2
- Floor Size : 1,368 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
This SPECIAL home in Seven Oaks 55+ neighborhood will not last long! Open floor plan that has been updated and well maintained...you will not be disappointed with this extremely delightful home that is absolutely beautiful and has special touches throughout! Property is 1197 sq. feet with an unpermitted room adding an additional 171 feet ...THIS IS A MUST SEE HOME! The artist workshop/storage room is an additional surprise that you do not want to miss!
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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 | $2,290 |
| EXPENSES | Loan Payment | -$2,564 |
| Property Tax | -$642 | |
| Property Insurance | -$62 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,140
|
||
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.
$695,000
PROJECTED PRICE
$2,290
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
$189,925
LOAN DETAILS
$2,564
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
0.17
YEARS SAVED
$140
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
-
$2,288
COMP ESTIMATED VALUE -
$1.67
COMP AVG. RENT PER SQFT
Comps Range
-
12563 Mantilla Rd San Diego, CA 1
- 2 beds 2 baths ∙ 1,368 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,368 Sqft ∙ Built 1965
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- Rent
- Rent Per SQFT
- $0
- $0.00
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12512 Rios Rd San Diego, CA 2
- 2 beds 2 baths ∙ 1,358 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,358 Sqft ∙ Built 1970
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LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,250
- $1.66
-
17434 Plaza Dolores San Diego, CA 3
- 2 beds 2 baths ∙ 1,431 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,431 Sqft ∙ Built 1971
![property image]()
LEASED 10/28/19- Rent
- Rent Per SQFT
- $2,350
- $1.64
-
16523 Roca Dr San Diego, CA 4
- 2 beds 2 baths ∙ 1,402 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,402 Sqft ∙ Built 1964
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,350
- $1.68
-
16621 San Salvador Ct San Diego, CA 5
- 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1968
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,475
- $1.71
PROPERTY LISTING DETAILS
1.619.997.9177
Berkshire Hathaway Homeservice
