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15945 Avenida Calma Rancho Santa Fe, CA 92091

4 Beds 3 Baths 3,473 sqft Built 1988

$1,995,000

List Price

$6,360

$6.1K - $6.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $574.43
  • 31 Days on Market
  • MLS # : 200053710
  • Updated Date : 12/14/2020 at 23:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,473 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Classic beauty & completely reimagined from outside in. European oak flooring, sparkling polished nickel hardware throughout the home, gorgeous kitchen/great room with pro Bertazzoni Italian Rangetop, honed marble counters, custom backsplash & Waterstone Faucet; opening to your peaceful yard. 4BR, 3BA, office; new paint, landscaping, roof, entire home newly wired for a private network and cameras. Minutes to awarded schools, shops, restaurants & beaches; truly elegant & special place to call home.

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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: Whispering Palms

ZipNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800k2000k2200k2400kPrice in $240k2532k

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

Neighborhood: Whispering Palms

ZipNIR Market*CityMarket2010Year2000 Q42019 Q22000300040005000600070008000900010000Rent in $162710268

* 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
Solana Santa Fe School Primary Regular 390 20 9
Earl Warren Middle School Middle Regular 715 27 9
Torrey Pines High School High Regular 2,752 103 10

Solana Santa Fe School

  • Education Level: Primary
  • # of students: 390
  • # of teachers: 20
9
GreatSchools Rating

Earl Warren Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 27
9
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,795,500$2,194,500$1,995,000

PURCHASE PRICE

$5,724$6,996$6,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,360
EXPENSES Loan Payment -$7,361
Property Tax -$1,869
Property Insurance -$115
HOA -$8
Property Management Fees -$129
CASH FLOW
-$3,122

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.

$1,995,000

PROJECTED PRICE

$6,360

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.4%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$534,425

INVESTMENT

$534,425

Down Payment
$498,750
Rehab Estimate
$5,750
Closing Costs
$29,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $498,750
Loan Amount $1,496,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,360

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $7,050

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$6,360
1$6,3602$6,5003$7,900
$7,900
RENT COMPS ANALYSIS
  • 15945 Avenida Calma Rancho Santa Fe, CA 1
    • 4 beds 3 baths ∙ 3,473 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,473 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $6,360
    • $1.83
    •  
  • 13457 Wyngate Point San Diego, CA 2
    • 5 beds 5 baths ∙ 3,413 Sqft ∙ Built 1997 5 beds 5 baths ∙ 3,413 Sqft ∙ Built 1997
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.90
    •  
  • 15740 Puerta Del Sol Rancho Santa Fe, CA 3
    • 3 beds 3 baths ∙ 3,650 Sqft ∙ Built 1984 3 beds 3 baths ∙ 3,650 Sqft ∙ Built 1984
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,900
    • $2.16
    •  
PROPERTY LISTING DETAILS
Scott Griggs
1.760.815.0622
Compass
BESbswy