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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Bernardo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$237,595
LOAN DETAILS
$3,228
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $218,722 |
| Loan Amount | $656,166 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,779
COMP ESTIMATED VALUE -
$1.57
COMP AVG. RENT PER SQFT
Comps Range
-
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
1.858.735.9117
O'rourke Realty
