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13242 Vinter Way Poway, CA 92064

4 Beds 3 Baths 2,877 sqft Built 1976

$1,025,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $356.27
  • 4 Days on Market
  • MLS # : 210006978
  • Updated Date : 03/20/2021 at 16:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,877 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Please see attachment in mls for a list of all sellers improvements and floor plan of home. This is not your "run of the mill" floorplan. Owner owned solar system that covers 96.2% of your energy costs!!! You'll love the unique layout, the openness to the outdoors, and a super bonus room already customized for your whole family to enjoy. If you think you need a 1/2 acre property with a pool, check this home! There is an attractive backyard with water wise landscaping and a path leading to the common green space...a huge area where there is room to run, play, toss a ball or walk the dog. Yet it feels like your own private yard! Better yet, the community pool and tennis courts are just a few steps from the grassy area. You truly have it all here with almost no maintenance. All information deemed correct but not guaranteed, Buyer to verify all prior to close of escrow.

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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
Chaparral Elementary School Primary Regular 839 32 9
Twin Peaks Middle School Middle Regular 1,192 46 7
Poway High School High Regular 2,252 82 9

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 32
9
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
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,560
Property Tax -$947
Property Insurance -$100
HOA -$210
Property Management Fees -$129
CASH FLOW
-$1,376

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.

$1,025,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.35%

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,074

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,570

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $3,577

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,5703$3,8004$3,800
$3,800
RENT COMPS ANALYSIS
  • 13242 Vinter Way Poway, CA 2
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.24
    •  
  • 17369 Grandee Pl San Diego, CA 1
    • 3 beds 3 baths ∙ 2,573 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,573 Sqft ∙ Built 1973
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.28
    •  
  • 16475 Calle Pulido San Diego, CA 3
    • 4 beds 3 baths ∙ 3,179 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,179 Sqft ∙ Built 1987
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.20
    •  
  • 16601 Maverick Ln Poway, CA 4
    • 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 1977
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.25
    •  
PROPERTY LISTING DETAILS
Stephanie Kosmo
1.858.676.6171
Coldwell Banker Realty
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006978
Last Updated: 03/20/2021
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