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15876 Windrose Way San Diego, CA 92127

4 Beds 3 Baths 1,832 sqft Built 1986

$850,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $463.97
  • 7 Days on Market
  • MLS # : 200050047
  • Updated Date : 11/02/2020 at 01:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,832 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Elegant estate nestled in the coveted High Country West of Rancho Bernardo. Be a part of a special place and enjoy the remarkable upgrades from your masterfully spacious Chef's kitchen to your rich and luxurious bathrooms. This lovely 4BR/2.5BA home is not short of upgrades from your modern wood/tile flooring to your interior designer paint, featuring vaulted ceilings giving you a light, bright, and airy feel. Don't forget the countless amenities HCW offers, and highly rated PUSD, shopping, freeways, etc!

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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: Rancho Bernardo

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $233k746k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rancho Bernardo

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
Turtleback Elementary School Primary Regular 573 23 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Turtleback Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 23
9
GreatSchools Rating

Bernardo Heights Middle School

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

Rancho Bernardo High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 80
9
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$3,136
Property Tax -$785
Property Insurance -$73
HOA -$100
Property Management Fees -$129
CASH FLOW
-$1,263

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.

$850,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.0%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$676

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
  • $3,137

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,2955$3,655
$3,655
RENT COMPS ANALYSIS
  • 15876 Windrose Way San Diego, CA 1
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11408 Caminito Corriente San Diego, CA 2
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1989
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.69
    •  
  • 10771 Corte Crisalida San Diego, CA 3
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1989
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.66
    •  
  • 11044 Avenida De Los Lobos San Diego, CA 4
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1989
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.82
    •  
  • 11382 Turtleback San Diego, CA 5
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1981
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,655
    • $1.68
    •  
PROPERTY LISTING DETAILS
Andrew Tseng
1.858.210.5262
Coldwell Banker Realty
BESbswy