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17149 Tam O Shanter Drive Poway, CA 92064

3 Beds 2 Baths 2,408 sqft Built 1977

$1,089,900

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $452.62
  • 7 Days on Market
  • MLS # : 210006718
  • Updated Date : 03/18/2021 at 23:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,408 sqft
  • Baths : 2 full
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

VIEWS VIEWS VIEWS of Mt. Woodson and hills of Poway!!! AIRY, OPEN FLOOR CONCEPT when you first walk through the doors. This one-level charmer is for anyone looking for a retreat-like home. Spacious, large, and open living room featuring a fireplace with a separate dining area that connects to the kitchen. Large separate laundry room with countertop space. The backyard is perfect for entertaining with a covered back patio and plenty of room to accommodate a number of guests, with a backdrop of the mountains and rolling hills. This home has 3 bedrooms and 2 large full bathrooms. Master retreat has a his/hers closet and mirrored wardrobe doors. This home is going to sell fast for those who see it's true potential! (Home will be tented!)

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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: 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
 

$980,910$1,198,890$1,089,900

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$3,786
Property Tax -$998
Property Insurance -$88
Property Management Fees -$129
CASH FLOW
-$1,121

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.

$1,089,900

PROJECTED PRICE

$3,880

PROJECTED RENT

0.36%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,574

INVESTMENT

$294,574

Down Payment
$272,475
Rehab Estimate
$5,750
Closing Costs
$16,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,786

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $272,475
Loan Amount $817,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,880

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,933

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,5003$3,8804$4,250
$4,250
RENT COMPS ANALYSIS
  • 17149 Tam O Shanter Drive Poway, CA 3
    • 3 beds 2 baths ∙ 2,408 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,408 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.61
    •  
  • 16427 Orchard Bend Road Poway, CA 1
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1968
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.62
    •  
  • 13120 Grape Arbor Way Poway, CA 2
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1978
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.65
    •  
  • 15855 Riparian Rd Poway, CA 4
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1989
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.63
    •  
PROPERTY LISTING DETAILS
Eric Matz
1.619.733.8087
Windermere Homes & Estates
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210006718
Last Updated: 03/18/2021
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