Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12628 Sonora Road San Diego, CA 92128

3 Beds 2 Baths 1,125 sqft Built 1964

$649,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $576.89
  • 4 Days on Market
  • MLS # : 200054191
  • Updated Date : 12/18/2020 at 20:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,125 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Be the first to live in this renovated single story home with a Northern facing backyard & patio, offering terrific mountain views. Enjoy the serenity of this well established neighborhood & its close proximity to the Rancho Bernardo Swim & Tennis Club & all that RB has to offer. The newly replaced windows, recessed lighting & open floor plan invite light into the large family room & kitchen with waterfall edge countertop. See 12628SonoraRd.com

SEE MORE

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: 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
Painted Rock Elementary School Primary Regular 666 25 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Painted Rock Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 25
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$2,395
Property Tax -$599
Property Insurance -$56
HOA -$28
Property Management Fees -$129
CASH FLOW
-$1,066

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.

$649,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.33%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$134

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
  • $1,886

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3604$2,450
$2,450
RENT COMPS ANALYSIS
  • 12628 Sonora Road San Diego, CA 1
    • 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17369 Ruette Abeto San Diego, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1975
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.57
    •  
  • 12110 Caminito Campana San Diego, CA 3
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1974
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.65
    •  
  • 12767 Camino De La Breccia #79 San Diego, CA 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1980
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.81
    •  
PROPERTY LISTING DETAILS
Bobby Martins
1.858.204.7259
Exp Realty Of California Inc
BESbswy