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16356 Relindo Ct San Diego, CA 92128

3 Beds 2 Baths 1,770 sqft Built 1972

$775,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $437.85
  • 5 Days on Market
  • MLS # : 210002259
  • Updated Date : 01/29/2021 at 20:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent

Westview Realty

Listing Agent's Description

BOM after finishing off the mudroom with storage for your shoes, coats and purses and bench seating! Enjoy this beautifully updated Seven Oaks (55+) home, redesigned to include a 3rd bedroom that can also serve as an office, all new custom designed kitchen open to the dining area, updated bathrooms and new sliders to the enclosed, covered patio. All new windows, flooring, lighting, doors, paint, appliances and much more. The cul-de-sac location and spacious yard make this home one you don't want to miss.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Highland Ranch Elementary School Primary Regular 745 27 7
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Highland Ranch Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 27
7
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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,692
Property Tax -$716
Property Insurance -$72
HOA -$33
Property Management Fees -$129
CASH FLOW
-$701

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.

$775,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,045

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
  • $3,168

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,0004$3,1505$3,200
$3,200
RENT COMPS ANALYSIS
  • 16356 Relindo Ct San Diego, CA 1
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15925 Caminito Aire Puro San Diego, CA 2
    • 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
    •  
  • 15614 Via Marchena San Diego, CA 3
    • 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
    •  
  • 16917 Cresta Dr San Diego, CA 4
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1969
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.90
    •  
  • 16061 Avenida Aveiro San Diego, CA 5
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1986
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.73
    •  
PROPERTY LISTING DETAILS
Rob Perkins
1.858.437.2976
Westview Realty
BESbswy