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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $548.10
- 3 Days on Market
- MLS # : 200054271
- Updated Date : 12/19/2020 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,549 sqft
- Baths : 2 full
Listing Agent
Century 21 Award
Listing Agent's Description
Rare on market single story home on a corner lot in highly desirable Crestmont neighborhood. Great curb appeal, nice size lot 6,231 sq,ft. Open floor plan, Vaulted ceilings. Kitchen opens to breakfast nook and family room. Master bedroom w walk in closet. Dual pane windows and sliding doors thru entire house, Laminate wood floor, granite countertops. Easy access to 56 and 15. Walking distance to all three top rated Poway schools: Deer Canyon Elementary, Mesa Verde Middle, Westview High School.
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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: Bluffs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bluffs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,030 |
| EXPENSES | Loan Payment | -$3,132 |
| Property Tax | -$727 | |
| Property Insurance | -$66 | |
| HOA | -$50 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,075
|
||
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.
$849,000
PROJECTED PRICE
$3,030
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,735
LOAN DETAILS
$3,132
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
1.08
YEARS SAVED
$4,182
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
-
$3,036
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
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- $3,000
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- $3,095
- $1.84
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- 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985
LEASED 09/19/20- Rent
- Rent Per SQFT
- $3,300
- $1.98
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13480 Sparren Ct. San Diego, CA 5
- 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1985
LEASED 10/23/20- Rent
- Rent Per SQFT
- $3,495
- $2.00
PROPERTY LISTING DETAILS
1.858.444.2428
Century 21 Award
