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12635 Ocaso Dr San Diego, CA 92128

3 Beds 2 Baths 2,109 sqft Built 1971

INVESTimate

$759,900

List Price

$2,980

$2,730 - $3,230

Rent Est.

$805,190  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $360.31
  • 7 Days on Market
  • MLS # : 200040236
  • Updated Date : 08/21/2020 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,109 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Great opportunity to own in the highly desirable 55+ community of Seven Oaks in Rancho Bernardo!! This is one of the largest plans in the community and features laminate flooring, granite and quartz counters, stainless appliances, plantation shutters, huge living room with fireplace, and a 2 car garage. Additional enclosed patio/sun room, fenced in courtyard, renovated kitchen and bathrooms, central a/c, vaulted ceilings, and a perfect yard for entertaining with your patio and gazebo and lush landscaping.

SEE MORE

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
Highland Ranch Elementary School Primary Regular 745 27 7
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Highland Ranch Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 27
7
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
 

$683,910$835,890$759,900

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,804
Property Tax -$702
Property Insurance -$80
HOA -$26
Property Management Fees -$129
CASH FLOW
-$761

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.

$759,900

PROJECTED PRICE

$2,980

PROJECTED RENT

0.39%

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$207,124

INVESTMENT

$207,124

Down Payment
$189,975
Rehab Estimate
$5,750
Closing Costs
$11,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,975
Loan Amount $569,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,069

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,9803$3,000
$3,000
RENT COMPS ANALYSIS
  • 12635 Ocaso Dr San Diego, 2
    • 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.41
    •  
  • 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, 3
    • 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
    •  
PROPERTY LISTING DETAILS
Chris Heller
1.760.632.8408
Keller Williams Realty
BESbswy