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7035 Caminito De Conejos Rancho Santa Fe, CA 92091

3 Beds 3 Baths 3,029 sqft Built 1970

$1,995,000

List Price

$6,860

$6.6K - $7.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $658.63
  • 2 Days on Market
  • MLS # : 210001957
  • Updated Date : 01/23/2021 at 18:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,029 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Opportunity Knocks-rarely available elevated 4.72-acre covenant view property!This 3,000+ square ft. sprawling rancher boasts endless views to the east & southeast while overlooking a custom lap pool.The home is reminiscent of some the original covenant properties-private hilltop location,easy flowing single-level w/terra cotta tile throughout main rooms, 3 extra large bedrooms w/ample closet space, laundry room, & an eastern wall of glass doors to maximize morning sunrises.Buyer2verifyAllprior2cont/COE

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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 Santa Fe

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800k2000k2200k2400kPrice in $240k2532k

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

Neighborhood: Rancho Santa Fe

NeighborhoodNIR 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
R. Roger Rowe Elementary School Primary Regular 441 25 9
R. Roger Rowe Elementary School Middle Regular 441 25 9
Torrey Pines High School High Regular 2,752 103 10

R. Roger Rowe Elementary School

  • Education Level: Primary
  • # of students: 441
  • # of teachers: 25
9
GreatSchools Rating

R. Roger Rowe Elementary School

  • Education Level: Middle
  • # of students: 441
  • # of teachers: 25
9
GreatSchools Rating

Torrey Pines High School

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

$1,795,500$2,194,500$1,995,000

PURCHASE PRICE

$6,174$7,546$6,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,860
EXPENSES Loan Payment -$6,929
Property Tax -$1,785
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
-$2,087

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.

$1,995,000

PROJECTED PRICE

$6,860

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 4.3%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$20k$0.0$20k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$534,425

INVESTMENT

$534,425

Down Payment
$498,750
Rehab Estimate
$5,750
Closing Costs
$29,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$6,929

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $498,750
Loan Amount $1,496,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$15,548

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
  • $7,603

    COMP ESTIMATED VALUE
  • $2.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,7503$8,000
$8,000
RENT COMPS ANALYSIS
  • 7035 Caminito De Conejos Rancho Santa Fe, CA 1
    • 3 beds 3 baths ∙ 3,029 Sqft ∙ Built 1970 3 beds 3 baths ∙ 3,029 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6224 Los Naranjos Rancho Santa Fe, CA 2
    • 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 1963 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 1963
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,750
    • $2.35
    •  
  • 17461 Rancho Del Rio Rancho Santa Fe, CA 3
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1977
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $2.67
    •  
PROPERTY LISTING DETAILS
Julia Maxwell
1.858.775.9918
Berkshire Hathaway Homeservice
BESbswy