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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $328.39
- 3 Days on Market
- MLS # : 210003829
- Updated Date : 02/13/2021 at 03:32
CONSTRUCTION
- Beds : 5
- Floor Size : 4,720 sqft
- Baths : 4 full , 1 half
Listing Agent
The Avenue Home Collective
Listing Agent's Description
Stunning Stonebridge Estates resort-like home with everything one could need. Ultimate entertainer's backyard with gorgeous pool & gazebo, overlooking the private, serene open space. This estate features dual master bedrooms, one of which on entry level with direct access to backyard. Harwood flooring, house & pool solar system. Elegant kitchen overlooking huge family room. Large and versatile loft area. Walking distance to playground & park. Located within Poway Unified Schools district.
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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: Montecito
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Montecito
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $7,000 |
| EXPENSES | Loan Payment | -$5,384 |
| Property Tax | -$1,864 | |
| Property Insurance | -$146 | |
| HOA | -$145 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$668
|
||
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.
$1,550,000
PROJECTED PRICE
$7,000
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.1% |
| 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
$416,500
LOAN DETAILS
$5,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $387,500 |
| Loan Amount | $1,162,500 |
4.42
YEARS SAVED
$67,046
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$7,000
LIST RENT -
$1.48
LIST RENT PER SQFT
-
$7,505
COMP ESTIMATED VALUE -
$1.59
COMP AVG. RENT PER SQFT
Comps Range
-
13303 Greenstone Ct San Diego, CA 1
- 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $7,000
- $1.48
-
13342 Mahogany Cv San Diego, CA 2
- 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2005
LEASED 05/16/20- Rent
- Rent Per SQFT
- $7,500
- $1.59
PROPERTY LISTING DETAILS
1.858.705.1922
The Avenue Home Collective
