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17690 Azucar Way 
San Diego, CA
92127
2 Beds 3 Baths 1,444 sqft
Built 1985
INVESTimate
$750,000
List Price
$204,500
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $519.39
- 2 Days on Market
- MLS # : 200041214
- Updated Date : 08/26/2020 at 06:02
CONSTRUCTION
- Beds : 2
- Floor Size : 1,444 sqft
- Baths : 2 full , 1 half
Listing Agent
Rickstad Realty
Listing Agent's Description
The Westwood community offers many amenities including preschool, club house, fitness center and pool. Located within the Poway Unified School District, this home offers close access to the 15 freeway, and shopping centers. Recently upgraded kitchen, dual pane windows, flooring, and much more. The backyard is wonderful for entertaining with beautiful views!
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MARKET HIGHLIGHTS
- 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.
- 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]
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,680 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$692 | |
| Property Insurance | -$64 | |
| HOA | -$85 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,057
|
||
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.
$750,000
PROJECTED PRICE
$2,680
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.96% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
0.5
YEARS SAVED
$1,355
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
-
$2,787
COMP ESTIMATED VALUE -
$1.93
COMP AVG. RENT PER SQFT
Comps Range
-
17690 Azucar Way San Diego, 1
- 2 beds 3 baths ∙ 1,444 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,444 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12515 Oaks North Dr #130 San Diego, 2
- 2 beds 2 baths ∙ 1,096 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,096 Sqft ∙ Built 1977
LEASED 05/02/19- Rent
- Rent Per SQFT
- $2,050
- $1.87
-
18636 Caminito Pasadero San Diego, 3
- 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1998
LEASED 06/06/19- Rent
- Rent Per SQFT
- $2,150
- $1.89
-
11482 Matinal Circle San Diego, 4
- 2 beds 2 baths ∙ 1,104 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,104 Sqft ∙ Built 1974
LEASED 05/13/19- Rent
- Rent Per SQFT
- $2,295
- $2.08
-
18826 Caminito Cantilena #111 San Diego, 5
- 2 beds 3 baths ∙ 1,275 Sqft ∙ Built 1993 2 beds 3 baths ∙ 1,275 Sqft ∙ Built 1993
LEASED 03/08/20- Rent
- Rent Per SQFT
- $2,400
- $1.88
PROPERTY LISTING DETAILS
1.858.375.3703
Rickstad Realty
