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14636 Evening Star Drive Poway, CA 92064

5 Beds 3 Baths 2,152 sqft Built 1968

$925,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $429.83
  • 3 Days on Market
  • MLS # : 210001268
  • Updated Date : 01/16/2021 at 20:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,152 sqft
  • Baths : 3 full
Listing Agent

Otay Mesa Realty

Listing Agent's Description

Welcome home to this large, 5 bedroom, 3 bathroom, updated house. Featuring a remodeled open floor concept kitchen that boasts granite countertops, soft-closing cabinetry and ceramic tile flooring. The spacious living room has a gas/wood burning fireplace. Tierra Bonita Elementary & Twin Peaks Middle School are both walking distance away. Spacious backyard has RV parking w/sewer dump. Family friendly neighborhood that likes to get together for block parties and progressive dinners.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,213
Property Tax -$865
Property Insurance -$81
Property Management Fees -$129
CASH FLOW
-$668

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.

$925,000

PROJECTED PRICE

$3,620

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$22,370

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
  • $3,888

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,6004$3,750
$3,750
RENT COMPS ANALYSIS
  • 14636 Evening Star Drive Poway, CA 1
    • 5 beds 3 baths ∙ 2,152 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,152 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14985 Amso St. Poway, CA 2
    • 5 beds 3 baths ∙ 2,080 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,080 Sqft ∙ Built 1972
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.58
    •  
  • 14516 Twin Peaks Rd Poway, CA 3
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1975
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.91
    •  
  • 14747 Dash Way Poway, CA 4
    • 4 beds 2 baths ∙ 1,941 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,941 Sqft ∙ Built 1975
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.93
    •  
PROPERTY LISTING DETAILS
Thomas Jackson
1.619.628.0653
Otay Mesa Realty
BESbswy