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13160 Triumph Dr Poway, CA 92064

5 Beds 4 Baths 2,945 sqft Built 1984

$1,049,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $356.20
  • 11 Days on Market
  • MLS # : 200049712
  • Updated Date : 10/28/2020 at 23:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,945 sqft
  • Baths : 3 full , 1 half
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Great Rancho Arbolitos home! The master BR is downstairs/w large walk in closet, and private access to spa. Also 2 bedrooms down & then 2 large bedrooms & bath upstairs. Nicely updated /upgraded kitchen with granite counters & SS appliances, new paint, carpet & wood flooring throughout. Nice fixtures & finishes, plantation shutters, & dual glazed windows. Just off the Kit, is large bonus/great room w/ French doors & its own 1/2 bath. Good size covered patio, & plenty of yard to play. RV pkg possible.

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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

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
Tierra Bonita Elementary School Primary Regular 489 20 6
Twin Peaks Middle School Middle Regular 1,192 46 7
Poway High School High Regular 2,252 82 9

Tierra Bonita Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 20
6
GreatSchools Rating

Twin Peaks Middle School

  • Education Level: Middle
  • # of students: 1,192
  • # of teachers: 46
7
GreatSchools Rating

Poway High School

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

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$3,870
Property Tax -$982
Property Insurance -$101
Property Management Fees -$129
CASH FLOW
-$1,023

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.

$1,049,000

PROJECTED PRICE

$4,060

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$17,309

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
  • $4,221

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$4,0954$4,250
$4,250
RENT COMPS ANALYSIS
  • 13160 Triumph Dr Poway, CA 1
    • 5 beds 4 baths ∙ 2,945 Sqft ∙ Built 1984 5 beds 4 baths ∙ 2,945 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13978 Carriage Rd Poway, CA 2
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1990
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
  • 12701 Triumph Dr. Poway, CA 3
    • 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1986
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,095
    • $1.30
    •  
  • 15855 Riparian Rd Poway, CA 4
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1989
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.63
    •  
PROPERTY LISTING DETAILS
Eric Matz
1.619.733.8087
Windermere Homes & Estates
BESbswy