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17291 Bernardo Vista Dr San Diego, CA 92128

3 Beds 2 Baths 2,093 sqft Built 1973

$890,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $425.23
  • 6 Days on Market
  • MLS # : 200050195
  • Updated Date : 10/30/2020 at 20:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,093 sqft
  • Baths : 2 full
Listing Agent

The Broker Network

Listing Agent's Description

Well maintained Greens West home with panoramic views! The layout is open and efficient. There is a living room with a fireplace that is connected to the formal dining space. The kitchen is large and opens to an eat in area as well as a family room. The generous master suite takes advantage of the huge views. The master bath features his and hers sinks, a large shower, a walk in closet and a private commode area. The laundry room is adjacent to the master bath.

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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: 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
Chaparral Elementary School Primary Regular 839 32 9
Bernardo Heights Middle School Middle Regular 1,449 55 8
Rancho Bernardo High School High Regular 2,183 80 9

Chaparral Elementary School

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

$801,000$979,000$890,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$3,284
Property Tax -$822
Property Insurance -$77
HOA -$35
Property Management Fees -$129
CASH FLOW
-$1,107

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.

$890,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.36%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,603

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2003$3,2404$3,4955$3,495
$3,495
RENT COMPS ANALYSIS
  • 17291 Bernardo Vista Dr San Diego, CA 3
    • 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.62
    •  
  • 12388 Grandee Court San Diego, CA 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.69
    •  
  • 11083 Pinzon Way San Diego, CA 2
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1978
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.76
    •  
  • 10969 Matinal Circle San Diego, CA 4
    • 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1986
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.88
    •  
  • 17606 Azucar Way San Diego, CA 5
    • 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1986
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.88
    •  
PROPERTY LISTING DETAILS
Brian Williams
1.760.715.7249
The Broker Network
BESbswy