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18307 Hampshire Ln. San Diego, CA 92128

4 Beds 3 Baths 2,480 sqft Built 1988

$959,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $386.69
  • 7 Days on Market
  • MLS # : 200053420
  • Updated Date : 12/12/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,480 sqft
  • Baths : 2 full , 1 half
Listing Agent

San Diego Castles Realty

Listing Agent's Description

Desired end of Cul-De-Sac location with Sunset Views! This home boasts a large yard complete with pool/spa, koi pond, fruit trees, and two separate covered seating areas to enjoy the view! This home has been lovingly updated and well maintained. Spacious, with volume ceilings, there is plenty of room to create your most comfortable living situation. Large kitchen with stainless steel appliances and gorgeous custom cabinets. Poway unified schools are an added bonus and highly ranked. See supplement!

SEE MORE

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

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
 

$863,100$1,054,900$959,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,538
Property Tax -$885
Property Insurance -$90
HOA -$15
Property Management Fees -$129
CASH FLOW
-$1,368

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.

$959,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.34%

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$259,885

INVESTMENT

$259,885

Down Payment
$239,750
Rehab Estimate
$5,750
Closing Costs
$14,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,538

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $239,750
Loan Amount $719,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $3,615

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,3953$3,3954$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 18307 Hampshire Ln. San Diego, CA 1
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.33
    •  
  • 18003 Chieftain Ct San Diego, CA 2
    • 3 beds 3 baths ∙ 2,317 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,317 Sqft ∙ Built 1990
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.47
    •  
  • 17562 Bocage Point San Diego, CA 3
    • 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 1986
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.45
    •  
  • 17918 Valladares Dr. San Diego, CA 4
    • 5 beds 3 baths ∙ 2,464 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,464 Sqft ∙ Built 1980
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 17483 Drayton Hall Way San Diego, CA 5
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1980
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.49
    •  
PROPERTY LISTING DETAILS
Lisa Susca
1.858.733.0897
San Diego Castles Realty
BESbswy