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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $522.71
- 2 Days on Market
- MLS # : 210004484
- Updated Date : 02/20/2021 at 18:21
CONSTRUCTION
- Beds : 4
- Floor Size : 1,387 sqft
- Baths : 2 full
Listing Agent
Big Block Realty, Inc.
Listing Agent's Description
Welcome home to Poway! Open and bright floor plan, New wood like flooring throughout the living areas, new carpet in the bedrooms, updated kitchen with quartz countertops, stainless steel appliances, large dining room for all you entertaining needs, updated bathrooms, Large living room with fireplace and wood beam ceilings, opens to the patio and backyard perfect for indoor outdoor living. Large master with sliding glass door to the backyard. No Mello-Roos or HOA fees! Close schools, park, biking, and trails.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Poway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$680 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$760
|
||
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.
$725,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
1.5
YEARS SAVED
$5,926
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,531
COMP ESTIMATED VALUE -
$1.83
COMP AVG. RENT PER SQFT
Comps Range
-
14427 Mirando St Poway, CA 1
- 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1969
![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
-
14510 Dehia St Poway, CA 3
- 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1972
![property image]()
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,850
- $1.80
PROPERTY LISTING DETAILS
1.858.430.8200
Big Block Realty, Inc.
MLS #: 210004484
Last Updated: 02/20/2021
