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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $438.60
- 4 Days on Market
- MLS # : 210007099
- Updated Date : 03/20/2021 at 17:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,425 sqft
- Baths : 2 full
Listing Agent
Great American Realty
Listing Agent's Description
Priced to sell 3br, 2 BA single story in the garden part of Poway. Close to shopping and schools. Lots of potentials.
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: Poway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Poway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$2,171 |
| Property Tax | -$584 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$397
|
||
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.
$625,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$171,375
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
3.5
YEARS SAVED
$19,026
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
-
$2,601
COMP ESTIMATED VALUE -
$1.83
COMP AVG. RENT PER SQFT
Comps Range
-
13041 Neddick Ave Poway, CA 1
- 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1964
- 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
-
14510 Dehia St Poway, CA 3
- 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1972
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,850
- $1.80
PROPERTY LISTING DETAILS
1.858.354.2976
Great American Realty
MLS #: 210007099
Last Updated: 03/20/2021
