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1245 Windsor Road Encinitas, CA 92007

3 Beds 2 Baths 1,553 sqft Built 2000

$1,195,000

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $769.48
  • 7 Days on Market
  • MLS # : 210003333
  • Updated Date : 02/11/2021 at 16:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,553 sqft
  • Baths : 2 full
Listing Agent

Re/max Elite Properties

Listing Agent's Description

Single level 3 bedroom, 2 bath Cardiff-By-The-Sea home w/ ocean views and a 400 sq ft ADU w/ ocean view roof top deck. Tropical landscaping wraps the front patio—with gas-plumbed outdoor fireplace and grill. Open floor plan marks the interior with an easy flow between kitchen, living, family, and dining room. Natural light cascades through the south facing house and sea breezes provide great airflow. Driveaway fits two cars, garage is used for storage and attached to ADU. Guest parking on easement road.

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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*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $240k1126k

* 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
Cardiff Elementary School Primary Regular 361 18 NA
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

Cardiff Elementary School

  • Education Level: Primary
  • # of students: 361
  • # of teachers: 18
NA
GreatSchools Rating

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
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$4,151
Property Tax -$1,116
Property Insurance -$66
Property Management Fees -$129
CASH FLOW
-$1,952

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.

$1,195,000

PROJECTED PRICE

$3,510

PROJECTED RENT

0.29%

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

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$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$118

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
  • $3,797

    COMP ESTIMATED VALUE
  • $2.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5953$5,250
$5,250
RENT COMPS ANALYSIS
  • 1245 Windsor Road Encinitas, CA 1
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1414 Flair Encinitas Dr Encinitas, CA 2
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1981
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.09
    •  
  • 2046 Glasgow Ave. Cardiff By The Sea, CA 3
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1987
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.80
    •  
PROPERTY LISTING DETAILS
Justin Cote
1.760.613.7236
Re/max Elite Properties
BESbswy