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

12694 Legacy Rd San Diego, CA 92131

4 Beds 3 Baths 2,323 sqft Built 1992

$989,900

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $426.13
  • 4 Days on Market
  • MLS # : 200051426
  • Updated Date : 11/12/2020 at 18:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,323 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Gorgeous, remodeled canyon VIEW home with open floor plan. Extensive remodel makes this home like-new! Home lays out very nicely featuring: a brand new kitchen, Black SS appliances, beautiful master suite with custom quartz covered tub and custom tile shower. Office/Bedroom downstairs has a full bath. New drought tolerant landscaping. HOA has Tennis courts, neighborhood hiking trails, shopping and parks nearby. This beautiful home won't last, come quick!

SEE MORE

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: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $233k858k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Scripps Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16273600

* 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
E.b. Scripps Elementary School Primary Regular 747 26 10
Marshall Middle School Middle Regular 1,611 59 9
Scripps Ranch High School High Regular 2,232 83 10

E.b. Scripps Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 26
10
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 1,611
  • # of teachers: 59
9
GreatSchools Rating

Scripps Ranch High School

  • Education Level: High
  • # of students: 2,232
  • # of teachers: 83
10
GreatSchools Rating
 

$890,910$1,088,890$989,900

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,652
Property Tax -$987
Property Insurance -$86
HOA -$98
Property Management Fees -$129
CASH FLOW
-$1,262

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.

$989,900

PROJECTED PRICE

$3,690

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
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-$10k$0.0$10k$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$268,074

INVESTMENT

$268,074

Down Payment
$247,475
Rehab Estimate
$5,750
Closing Costs
$14,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,652

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,475
Loan Amount $742,425
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$4,197

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
  • $3,757

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,2954$3,5905$3,650
$3,650
RENT COMPS ANALYSIS
  • 12694 Legacy Rd San Diego, CA 1
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11694 Springside Road San Diego, CA 2
    • 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1992
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.61
    •  
  • 11397 Legacy Canyon Pl San Diego, CA 3
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1995
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.64
    •  
  • 10187 Avenida Magnifica San Diego, CA 4
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1983
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.61
    •  
  • 11963 Cypress Valley Drive San Diego, CA 5
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2000
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
PROPERTY LISTING DETAILS
Andrew Chance
1.619.962.5976
Coldwell Banker Realty
BESbswy