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15128 Hesta St. Poway, CA 92064

4 Beds 2 Baths 1,469 sqft Built 1973

$710,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $483.32
  • 3 Days on Market
  • MLS # : 200054264
  • Updated Date : 12/19/2020 at 01:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,469 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Cosmetic fixer. This bright and spacious 1,469 sq ft, 4-Bdrm | 2-Ba home with 2-car attached garage is situated on a quiet street, has a fully-fenced back yard, and offers plenty of space, inside and out. The home has forced air heat, A/C, dual-pane windows, updated baths, a newer roof, fireplace, views and exterior Tex-Cote paint. Flat lot with room to add RV parking. Ideally located close to shopping, restaurants, schools and freeway access. The property has been loved by the original owners for years.

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
Painted Rock Elementary School Primary Regular 666 25 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Poway High School High Regular 2,252 82 9

Painted Rock Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 25
9
GreatSchools Rating

Bernardo Heights Middle School

  • Education Level: Middle
  • # of students: 1,449
  • # of teachers: 55
8
GreatSchools Rating

Poway High School

  • Education Level: High
  • # of students: 2,252
  • # of teachers: 82
9
GreatSchools Rating
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,620
Property Tax -$664
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$777

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.

$710,000

PROJECTED PRICE

$2,700

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,757

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,700

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $2,659

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,9004$2,9805$3,000
$3,000
RENT COMPS ANALYSIS
  • 15128 Hesta St. Poway, CA 2
    • 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.84
    •  
  • 12742 Via Sombras Poway, CA 1
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.90
    •  
  • 15925 Caminito Aire Puro San Diego, CA 3
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1986
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.83
    •  
  • 12291 Middlebrook Sq. San Diego, CA 4
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1989
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.81
    •  
  • 15614 Via Marchena San Diego, CA 5
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1987
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.70
    •  
PROPERTY LISTING DETAILS
Deidre Maw
1.760.914.2340
Berkshire Hathaway Homeservice
BESbswy