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1173 Kava Ct Encinitas, CA 92024

3 Beds 4 Baths 1,899 sqft Built 2007

$1,149,000

List Price

$4,470

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $605.06
  • 2 Days on Market
  • MLS # : 210003251
  • Updated Date : 02/06/2021 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

The perfect fit for your Coastal buyer looking for an affordable, immaculate, detached Westerly location convenient to beach, town, award winning schools, restaurants & shopping. Lives like a single level home. Spacious 3BR/3.5BA w/master BR down, huge bathroom & walk in closet. Hardwood floors. 2nd downstairs bedroom w/on suite bath. HUGE upstairs bonus room/BR with full bath, office nook, and peek ocean view. Central air. Vaulted ceilings & skylights. Lg back patio w/firepit. NO HOA or Mello Roos fees!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Encinitas

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $240k1064k

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

Neighborhood: Encinitas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274397

* 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
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

Oak Crest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 36
8
GreatSchools Rating

La Costa Canyon High School

  • Education Level: High
  • # of students: 2,013
  • # of teachers: 79
9
GreatSchools Rating
 

$1,034,100$1,263,900$1,149,000

PURCHASE PRICE

$4,023$4,917$4,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,470
EXPENSES Loan Payment -$3,991
Property Tax -$1,148
Property Insurance -$75
Property Management Fees -$129
CASH FLOW
-$873

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.

$1,149,000

PROJECTED PRICE

$4,470

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.9%
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-$10k$0.0$10k$20k$30k$40k

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$310,235

INVESTMENT

$310,235

Down Payment
$287,250
Rehab Estimate
$5,750
Closing Costs
$17,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,991

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$24,689

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
  • $4,823

    COMP ESTIMATED VALUE
  • $2.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$5,2004$5,250
$5,250
RENT COMPS ANALYSIS
  • 1173 Kava Ct Encinitas, CA 1
    • 3 beds 4 baths ∙ 1,899 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,899 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 662 Quentin Ct Encinitas, CA 2
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2012
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.01
    •  
  • 2061 Cambridge Ave Cardiff By The Sea, CA 3
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.81
    •  
  • 2046 Glasgow Ave. Cardiff By The Sea, CA 4
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1987
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.80
    •  
PROPERTY LISTING DETAILS
Linda Moore
1.760.310.0234
Coldwell Banker Realty
BESbswy