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13444 Cayuga Drive Poway, CA 92064

3 Beds 2 Baths 1,291 sqft Built 1972

$709,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $549.19
  • 4 Days on Market
  • MLS # : 200050420
  • Updated Date : 11/01/2020 at 17:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,291 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this highly desirable and inviting single story home in Poway's centrally located neighborhood of Heritage Hills. This location lends itself to quick access to a variety of resources & access to major thoroughfares. The home features a great room that embraces an expansive combo living/family room, hardwood floors, upgraded utility laundry & storage area & fairly new inside painting. Outside features include fairly new painting, newer covered patio cover& fencing.

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

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
Valley Elementary School Primary Regular 736 28 6
Meadowbrook Middle School Middle Regular 1,343 53 7
Poway High School High Regular 2,252 82 9

Valley Elementary School

  • Education Level: Primary
  • # of students: 736
  • # of teachers: 28
6
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 1,343
  • # of teachers: 53
7
GreatSchools Rating

Poway High School

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

$638,100$779,900$709,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,616
Property Tax -$667
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$1,042

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.

$709,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,635

INVESTMENT

$193,635

Down Payment
$177,250
Rehab Estimate
$5,750
Closing Costs
$10,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,250
Loan Amount $531,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$811

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
  • $2,492

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,7955$2,895
$2,895
RENT COMPS ANALYSIS
  • 13444 Cayuga Drive Poway, CA 1
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1972
    property image
    • 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
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.85
    •  
  • 13738 Powers Rd Poway, CA 3
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1960
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
  • 13365 Via Stephen Poway, CA 4
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1979
    property image
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.93
    •  
  • 13628 Tobiasson Rd Poway, CA 5
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1970
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $2.00
    •  
PROPERTY LISTING DETAILS
Bernie Maki
1.858.774.5654
Coldwell Banker Realty
BESbswy