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14118 El Dolora Way Poway, CA 92064

4 Beds 2 Baths 2,443 sqft Built 1975

$999,900

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $409.29
  • 3 Days on Market
  • MLS # : 210007194
  • Updated Date : 03/19/2021 at 21:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,443 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

WOW! LOCATION LOCATION - POWAY! Amazing renovation on this 4 bedroom, 2 bath, 3 car garage, huge 11,0000+ lot home. Stainless steel appliances, Beautiful waterfall counters, Custom backsplash, Entertaining Kitchen, Livingroom and dining room have brick fireplace on one side and custom built in pizza oven on the other. Huge gated front patio area, Huge back and side yard for family gatherings, pool etc. Very large 3 car garage with storage Awesome Poway schools. Must see this beauty to appreciate!

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
Tierra Bonita Elementary School Primary Regular 489 20 6
Twin Peaks Middle School Middle Regular 1,192 46 7
Poway High School High Regular 2,252 82 9

Tierra Bonita Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 20
6
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
 

$899,910$1,099,890$999,900

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,473
Property Tax -$935
Property Insurance -$89
Property Management Fees -$129
CASH FLOW
-$1,276

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.

$999,900

PROJECTED PRICE

$3,350

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,724

INVESTMENT

$270,724

Down Payment
$249,975
Rehab Estimate
$5,750
Closing Costs
$14,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,975
Loan Amount $749,925
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,062

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
  • $3,624

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,3954$3,590
$3,590
RENT COMPS ANALYSIS
  • 14118 El Dolora Way Poway, CA 1
    • 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13558 Aldrin Ave Poway, CA 2
    • 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1981
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.49
    •  
  • 14228 Gaelyn Ct Poway, CA 3
    • 5 beds 3 baths ∙ 2,425 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,425 Sqft ∙ Built 1973
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.40
    •  
  • 13672 Quiet Hills Dr Poway, CA 4
    • 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1990
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.56
    •  
PROPERTY LISTING DETAILS
Brian Daly
1.760.410.8078
Exp Realty Of California Inc
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007194
Last Updated: 03/19/2021
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