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17319 Bernardo Center Dr San Diego, CA 92128

2 Beds 2 Baths 1,770 sqft Built 1972

$874,888

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $494.29
  • 16 Days on Market
  • MLS # : 200052383
  • Updated Date : 12/03/2020 at 01:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent

O'rourke Realty

Listing Agent's Description

WOW! Beautiful, single-story home in Greens West will sweep you off your feet! The mountain views will take your breath away. The interior of the home is highlighted by travertine flooring, stainless steel appliances, cushion close cabinetry in the kitchen, crown molding, hand textured finishes, and a cozy fireplace. Paid for solar too! The 2-car attached garage has an epoxy floor finish. The backyard is an entertainers delight with an expansive stamped concrete patio, a faux lawn, and spectacular views!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$787,399$962,377$874,888

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$3,228
Property Tax -$808
Property Insurance -$72
Property Management Fees -$129
CASH FLOW
-$1,456

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.

$874,888

PROJECTED PRICE

$2,780

PROJECTED RENT

0.32%

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-$25k-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,595

INVESTMENT

$237,595

Down Payment
$218,722
Rehab Estimate
$5,750
Closing Costs
$13,123

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,722
Loan Amount $656,166
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$139

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
  • $2,779

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,3504$2,475
$2,475
RENT COMPS ANALYSIS
  • 17319 Bernardo Center Dr San Diego, CA 1
    • 2 beds 2 baths ∙ 1,770 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,770 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11975 Lomica Dr. San Diego, CA 2
    • 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1965
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.36
    •  
  • 17434 Plaza Dolores San Diego, CA 3
    • 2 beds 2 baths ∙ 1,431 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,431 Sqft ∙ Built 1971
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.64
    •  
  • 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
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.71
    •  
PROPERTY LISTING DETAILS
John O'rourke
1.858.735.9117
O'rourke Realty
BESbswy