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16960 Saint Andrews Ct Poway, CA 92064

3 Beds 2 Baths 1,662 sqft Built 1966

$899,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $540.91
  • 3 Days on Market
  • MLS # : 210005139
  • Updated Date : 02/27/2021 at 22:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Re/max Connections

Listing Agent's Description

Beautiful single level CUL DE SAC home on a HUGE lot! Do not miss this once in a lifetime opportunity to own in North Poway - great location. Updated home- dual pane windows, updated kitchen with granite counters, soft close doors and cabinets. Spacious open floor plan- secondary rooms at one end of the home and master at the other! Amazing front yard space- lots of parking for friends and family or - room for toys and RV- AMAZING POOL! Plus a basketball area, softball pitching area- wine n dine area- plenty of space for everyone! Walking distance to local park and trails. This home is amazing- great front porch space- perfect for welcoming friends. Watch the sunset and sunrise from this amazing home! Lots of outdoor entertaining areas- producing fruit trees- ope floor plan!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Poway

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $240k754k

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

Neighborhood: Poway

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
Chaparral Elementary School Primary Regular 839 32 9
Twin Peaks Middle School Middle Regular 1,192 46 7
Poway High School High Regular 2,252 82 9

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 32
9
GreatSchools Rating

Twin Peaks Middle School

  • Education Level: Middle
  • # of students: 1,192
  • # of teachers: 46
7
GreatSchools Rating

Poway High School

  • Education Level: High
  • # of students: 2,252
  • # of teachers: 82
9
GreatSchools Rating
 

$809,100$988,900$899,000

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 -$3,123
Property Tax -$847
Property Insurance -$69
Property Management Fees -$129
CASH FLOW
-$1,228

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.

$899,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.4%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $2,938

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9403$2,9504$2,9505$3,150
$3,150
RENT COMPS ANALYSIS
  • 16960 Saint Andrews Ct Poway, CA 2
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.77
    •  
  • 12814 Oakfield Way Poway, CA 1
    • 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
    •  
  • 12388 Grandee Court San Diego, CA 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.69
    •  
  • 17513 Plaza Marlena San Diego, CA 4
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1974
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.72
    •  
  • 16917 Cresta Dr San Diego, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michelle Warner
1.858.229.2213
Re/max Connections
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210005139
Last Updated: 02/27/2021
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