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13019 Gate Drive Poway, CA 92064

4 Beds 2 Baths 1,368 sqft Built 1974

$739,900

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $540.86
  • 6 Days on Market
  • MLS # : 210004057
  • Updated Date : 02/21/2021 at 00:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Great Home in HEART OF POWAY. Single-story charmer with expanded master suite (5th bedroom wall was removed). Vinyl, dual-glazed windows. Leased solar (20 yr). Freshly, touched-up painting throughout. Ceramic tile flooring within traffic areas. Remodeled kitchen with quartz countertops. 1 y/o new roof & A/C. Well-maintained landscaping. Enjoy the spacious yard with covered patio and pool/spa combo excellent for outdoor entertaining. Delightful children’s playhouse equipped with electricity and windows.

SEE MORE

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
Valley Elementary School Primary Regular 736 28 6
Meadowbrook Middle School Middle Regular 1,343 53 7
Poway High School High Regular 2,252 82 9

Valley Elementary School

  • Education Level: Primary
  • # of students: 736
  • # of teachers: 28
6
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 1,343
  • # of teachers: 53
7
GreatSchools Rating

Poway High School

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

$665,910$813,890$739,900

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,570
Property Tax -$692
Property Insurance -$62
Property Management Fees -$129
CASH FLOW
-$703

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.

$739,900

PROJECTED PRICE

$2,750

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

PROJECTED ANNUAL CASH FLOW

11530-$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$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,194

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
  • $2,549

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,850
$2,850
RENT COMPS ANALYSIS
  • 13019 Gate Drive Poway, CA 1
    • 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13911 York Ave Poway, CA 2
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1979
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.85
    •  
  • 13738 Powers Rd Poway, CA 3
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1960
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
  • 13291 Creekside Lane Poway, CA 4
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.80
    •  
PROPERTY LISTING DETAILS
Eric Matz
1.619.733.8087
Windermere Homes & Estates
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004057
Last Updated: 02/21/2021
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