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12710 Footman Ct. Poway, CA 92064

4 Beds 2 Baths 1,645 sqft Built 1978

$849,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $516.11
  • 3 Days on Market
  • MLS # : 210002452
  • Updated Date : 01/30/2021 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Desirable Poway location, single level 4BR/BA home on a cul de sac with highly acclaimed Poway Schools. Beautiful front door, living room features stone fireplace, laminate flooring and volume ceilings, Barn door leading from dining room to kitchen, white kitchen cabinets. 3 slider doors lead to a spacious private backyard, large patio, outdoor fireplace, pool/spa, .23 acre lot, wide side yards, shed and 2 car garage. 4th bedroom used as office, has no closet.

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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: Poway

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $240k754k

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

Neighborhood: Poway

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
Poway High School High Regular 2,252 82 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

Poway High School

  • Education Level: High
  • # of students: 2,252
  • # of teachers: 82
9
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,949
Property Tax -$744
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$970

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.

$849,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.34%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,566

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
  • $2,912

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$2,9004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 12710 Footman Ct. Poway, CA 1
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12814 Oakfield Way Poway, CA 2
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1974
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.76
    •  
  • 15925 Caminito Aire Puro San Diego, CA 3
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1986
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.83
    •  
  • 15614 Via Marchena San Diego, CA 4
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1987
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.70
    •  
  • 15369 Avenida Rorras San Diego, CA 5
    • 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1987
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.79
    •  
PROPERTY LISTING DETAILS
Suzanne Kropf
1.858.618.5691
Berkshire Hathaway Homeservice
BESbswy