Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16850 Bernardo Oaks Dr. San Diego, CA 92128

3 Beds 3 Baths 2,042 sqft Built 1965

$699,900

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $342.75
  • 4 Days on Market
  • MLS # : 200051405
  • Updated Date : 11/12/2020 at 23:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,042 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Welcome to this 3 bedrooms/3 full baths/2000+ sq. feet - Single story home in coveted 55+ community of Seven Oaks in Rancho Bernardo, San Diego,CA. A serene outdoor patio & backyard setting w/the sweet smell of pine trees, providing a relaxing afternoon after you have visited friends at the 7 Oaks clubhouse. Addition completed 2016; new A/C 2019. Bathrooms are remodeled w/age in place features. Home sets up perfectly for a multi-generational family or caregiver living arrangement. Walk to restaurants.

SEE MORE

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
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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,582
Property Tax -$646
Property Insurance -$79
HOA -$67
Property Management Fees -$129
CASH FLOW
-$583

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.

$699,900

PROJECTED PRICE

$2,920

PROJECTED RENT

0.42%

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$25k

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$17,568

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
  • $2,915

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5953$2,6004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 16850 Bernardo Oaks Dr. San Diego, CA 1
    • 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16603 San Salvador Rd. San Diego, CA 2
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1967
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.46
    •  
  • 12097 Calle De Maria San Diego, CA 3
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1971
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
  • 12824 Via Caballo Rojo San Diego, CA 4
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1976
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.45
    •  
  • 17659 Adena Lane San Diego, CA 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1981
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
PROPERTY LISTING DETAILS
Ron Greenwald
1.760.390.0149
Compass
BESbswy