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13716 Frame Rd Poway, CA 92064

4 Beds 2 Baths 1,450 sqft Built 1970

$749,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $516.55
  • 4 Days on Market
  • MLS # : 210001130
  • Updated Date : 01/15/2021 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Come live your best life in this gorgeous single story home that boasts of bamboo flooring and new dual pane windows. The kitchen, dining area and living room flow seamlessly together for ease of daily living. The kitchen has been upgraded to feature an abundance of shaker cabinetry, granite counters accented by a mosaic tile backsplash, stainless steel appliances, including a new dishwasher, a gas cooktop and an eat-at breakfast bar illuminated by pendant lighting.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Pomerado Elementary School Primary Regular 440 18 7
Meadowbrook Middle School Middle Regular 1,343 53 7
Poway High School High Regular 2,252 82 9

Pomerado Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 18
7
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
 

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

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,602
Property Tax -$705
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$789

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

$2,710

PROJECTED RENT

0.36%

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$15k$20k

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$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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $2,853

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7104$2,8955$2,995
$2,995
RENT COMPS ANALYSIS
  • 13716 Frame Rd Poway, CA 3
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.87
    •  
  • 13738 Powers Rd Poway, CA 1
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1960
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.94
    •  
  • 12112 Wilsey Way Poway, CA 2
    • 4 beds 3 baths ∙ 1,319 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,319 Sqft ∙ Built 1979
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.97
    •  
  • 13628 Tobiasson Rd Poway, CA 4
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1970
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $2.00
    •  
  • 12882 Francine Terrace Poway, CA 5
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1970
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.96
    •  
PROPERTY LISTING DETAILS
Cheree Bray
1.858.354.8457
Redfin Corporation
BESbswy