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14137 Halper Rd Poway, CA 92064

3 Beds 2 Baths 1,246 sqft Built 1960

$645,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $517.66
  • 4 Days on Market
  • MLS # : 210007264
  • Updated Date : 03/20/2021 at 16:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,246 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Property offers tremendous potential for the buyer that is willing to transform this well located home in to their updated and refreshed retreat. The 7,200 sq ft. lot feels expansive with many possibilities for entertainment and includes several producing fruit trees tangerines, guava, limes and loquat. The lengthy driveway will accommodate at least 4 cars (or RV/Boat/Trailer) on the side of home in addition to the 2 car garage. The garage is large and will serve well for hobbies, work shop or other boundless possibilities. The fence on the north side of the lot has been recently replaced as well as the water heater.

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
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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,240
Property Tax -$609
Property Insurance -$59
Property Management Fees -$129
CASH FLOW
-$616

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.

$645,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,942

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
  • $2,452

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6004$2,8955$2,995
$2,995
RENT COMPS ANALYSIS
  • 14137 Halper Rd Poway, CA 1
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13738 Powers Rd Poway, CA 2
    • 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
    •  
  • 12112 Wilsey Way Poway, CA 3
    • 4 beds 3 baths ∙ 1,319 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,319 Sqft ∙ Built 1979
    property image
    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
    property image
    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
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.96
    •  
PROPERTY LISTING DETAILS
Leticia Hernandez
1.760.580.3900
Berkshire Hathaway Homeservice
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007264
Last Updated: 03/20/2021
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