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3855 Via Reposo Rancho Santa Fe, CA 92091

3 Beds 2 Baths 1,880 sqft Built 1971

$1,350,000

List Price

$4,750

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $718.09
  • 3 Days on Market
  • MLS # : 200054906
  • Updated Date : 01/02/2021 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,880 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Beautifully renovated 3 bedroom/2 bath single story home located in tranquil Whispering Pines. Featuring nearly 1900 square feet of well designed and generous living space, this open concept home boasts a large island kitchen, vaulted ceilings, gorgeous baths, and an amazing overall feel throughout! Sparkling pool with fresh plaster, tile, and new pool deck and patio. New concrete shingle roof, dual pane doors and windows and much much more. This great home is ready to welcome you into the New Year!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whispering Palms

ZipNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800k2000k2200k2400kPrice in $240k2532k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Whispering Palms

ZipNIR Market*CityMarket2010Year2000 Q42019 Q22000300040005000600070008000900010000Rent in $162710268

* 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
Solana Santa Fe School Primary Regular 390 20 9
Earl Warren Middle School Middle Regular 715 27 9
Torrey Pines High School High Regular 2,752 103 10

Solana Santa Fe School

  • Education Level: Primary
  • # of students: 390
  • # of teachers: 20
9
GreatSchools Rating

Earl Warren Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 27
9
GreatSchools Rating

Torrey Pines High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 103
10
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$4,275$5,225$4,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,750
EXPENSES Loan Payment -$4,981
Property Tax -$1,265
Property Insurance -$74
HOA -$8
Property Management Fees -$129
CASH FLOW
-$1,708

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.

$1,350,000

PROJECTED PRICE

$4,750

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.4%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$6,242

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
  • $4,540

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,600
$4,600
RENT COMPS ANALYSIS
  • 3855 Via Reposo Rancho Santa Fe, CA 1
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16066 Via Viajera Rancho Santa Fe, CA 2
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1982
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.32
    •  
  • 16133 Via Madera Circa Rancho Santa Fe, CA 3
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.51
    •  
PROPERTY LISTING DETAILS
Jonathan Mann
1.949.939.3833
Exp Realty Of California Inc
BESbswy