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14540 Glenville St Poway, CA 92064

5 Beds 3 Baths 2,205 sqft Built 1974

$825,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $374.15
  • 3 Days on Market
  • MLS # : 210003798
  • Updated Date : 02/12/2021 at 21:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,205 sqft
  • Baths : 3 full
Listing Agent

Dwell Well Realty

Listing Agent's Description

Tranquil Poway mountain and sunset views. Light and bright home with vaulted ceilings and exposed beams has it all. Beautiful arch detailing, decorative nooks, and smoothly finished walls add character and sophistication. Chef size kitchen with island, granite countertops, new range, and custom tile. Large living and family rooms each with fireplaces.Travertine and bamboo flooring. Master bedroom with new luxury vinyl plank floor and upgraded ensuite bath. Maple wood staircase with iron rail accent.

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
Garden Road Elementary School Primary Regular 440 18 9
Twin Peaks Middle School Middle Regular 1,192 46 7
Poway High School High Regular 2,252 82 9

Garden Road Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 18
9
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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,866
Property Tax -$772
Property Insurance -$83
Property Management Fees -$129
CASH FLOW
-$639

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.

$825,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.39%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$17,440

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
  • $3,447

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,5904$3,990
$3,990
RENT COMPS ANALYSIS
  • 14540 Glenville St Poway, CA 1
    • 5 beds 3 baths ∙ 2,205 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,205 Sqft ∙ Built 1974
    • 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
    •  
  • 13672 Quiet Hills Dr Poway, CA 3
    • 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
    •  
  • 14374 Poway Rd Poway, CA 4
    • 4 beds 4 baths ∙ 2,429 Sqft ∙ Built 1960 4 beds 4 baths ∙ 2,429 Sqft ∙ Built 1960
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.64
    •  
PROPERTY LISTING DETAILS
Alisa Edwards
1.619.309.9644
Dwell Well Realty
BESbswy