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13257 Lingre Avenue Poway, CA 92064

3 Beds 2 Baths 1,334 sqft Built 1973

INVESTimate

$749,000

List Price

$2,510

$2,260 - $2,760

Rent Est.

$789,746  ( +5.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $561.47
  • 10 Days on Market
  • MLS # : 200039748
  • Updated Date : 08/26/2020 at 00:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,334 sqft
  • Baths : 2 full
Listing Agent

Skoglin Real Estate, Inc.

Listing Agent's Description

Beautiful, Completely Remodeled, Poway Single Story Detached Home! Nestled back in Poway Mesa on a Quiet, Private Lot, This Home Has it All: Property offers Front Porch, Open Floorplan with complimenting Vaulted Ceilings, New Garage Door & Lift, New HVAC, Custom designer paint, dual pane windows with plantation shutters, LED ceiling flush lighting w/ dimmer switches throughout, upgraded designer ceiling fans in each bedroom <<<SEE SUPPLEMENT >>>

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MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Midland Elementary School Primary Regular 638 22 7
Twin Peaks Middle School Middle Regular 1,192 46 7
Poway High School High Regular 2,252 82 9

Midland Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 22
7
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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,763
Property Tax -$705
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$1,148

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.

$749,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.44%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$461

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
  • $2,388

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,7004$2,9505$2,995
$2,995
RENT COMPS ANALYSIS
  • 13257 Lingre Avenue Poway, 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14955 Avenida Venusto #97 San Diego, 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1990
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.85
    •  
  • 14027 Olive Meadows Place Poway, 3
    • 4 beds 3 baths ∙ 1,563 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,563 Sqft ∙ Built 1975
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 14572 Rutledge Square San Diego, 4
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1989
    LEASED 02/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.79
    •  
  • 13878 Esprit Avenue San Diego, 5
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1992
    LEASED 03/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.79
    •  
PROPERTY LISTING DETAILS
Tim Skoglin
1.858.592.0100
Skoglin Real Estate, Inc.
BESbswy