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16819 Acebo Drive San Diego, CA 92128

2 Beds 2 Baths 1,197 sqft Built 1964

$690,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $576.44
  • 17 Days on Market
  • MLS # : 210006733
  • Updated Date : 03/24/2021 at 14:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,197 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Carmel Valley

Listing Agent's Description

VIEWS! VIEWS! VIEWS! Located within the highly desirable Seven Oaks Community (55+) is this lovely single-level home featuring an open concept floor plan, spacious bedrooms, and an extra room for a den or family room. Step into your private backyard that encompasses a north facing panoramic view of the mountains. Enjoy the backyard year round with a covered patio e and low maintenance landscaping with drought resistance plants. Residents enjoys access to clubhouse, pool/spa, amenities and more!

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
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,397
Property Tax -$637
Property Insurance -$57
HOA -$33
Property Management Fees -$129
CASH FLOW
-$883

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.

$690,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.34%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,498

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
  • $2,044

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$2,2504$2,4755$2,500
$2,500
RENT COMPS ANALYSIS
  • 16819 Acebo Drive San Diego, CA 1
    • 2 beds 2 baths ∙ 1,197 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,197 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12112 Rancho Bernardo Rd #a San Diego, CA 2
    • 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1969
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.63
    •  
  • 12512 Rios Rd San Diego, CA 3
    • 2 beds 2 baths ∙ 1,358 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,358 Sqft ∙ Built 1970
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.66
    •  
  • 16621 San Salvador Ct San Diego, CA 4
    • 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1968
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.71
    •  
  • 11898 Paseo Lucido #131 San Diego, CA 5
    • 2 beds 3 baths ∙ 1,368 Sqft ∙ Built 1982 2 beds 3 baths ∙ 1,368 Sqft ∙ Built 1982
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.83
    •  
PROPERTY LISTING DETAILS
Jeffrey Liao
1.858.216.4290
Keller Williams Carmel Valley
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006733
Last Updated: 03/24/2021
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