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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $422.00
- 3 Days on Market
- MLS # : 210004415
- Updated Date : 02/19/2021 at 22:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,718 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Just Listed! You will fall in love with this beautiful one story home. It is a 3 Bedroom, 2 Bathroom, 1718 Square Foot detached house that has been updated and well maintained. The open floorplan is light and bright. Updates/upgrades include: Granite kitchen with white cabinets, wood laminate floors, dual pane windows, central air conditioning, outdoor sunroom, updated baths, and more! The nice backyard garden is on automatic drip waterinng and has fruit trees. Enjoy the outdoors on the paver patio with view of the mountains in the distance. Direct access two car garage makes coming home from the grocery store a breeze. The Seven Oaks community center is a short walk away and offers many amenities including including: pool, spa, fully equipped wood shop, ceramics studio, sewing room, and auditorium.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Bernardo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$669 | |
| Property Insurance | -$70 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$540
|
||
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.
$725,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
2.92
YEARS SAVED
$16,613
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,101
COMP ESTIMATED VALUE -
$1.81
COMP AVG. RENT PER SQFT
Comps Range
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16648 San Salvador Rd San Diego, CA 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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12814 Oakfield Way Poway, CA 2
- 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1974
LEASED 11/18/20- Rent
- Rent Per SQFT
- $2,850
- $1.76
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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
-
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
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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
1.619.851.3784
Coldwell Banker Realty
MLS #: 210004415
Last Updated: 02/19/2021
