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1605 Turquoise Dr Carlsbad, CA 92011

4 Beds 3 Baths 2,275 sqft Built 2000

$939,900

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $413.14
  • 2 Days on Market
  • MLS # : 200051051
  • Updated Date : 11/07/2020 at 08:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,275 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bathroom, 2 story home in the gated community of Mar Brisa in Carlsbad! Enjoy a formal entry to an open floor plan with high ceilings, hardwood floors, and an inviting fireplace. The open kitchen features a center island, white tile countertops, and white cabinetry. The primary bedroom offers spacious closets, dual sinks in the primary bathroom, a soaking tub, and separate shower. Sliding doors lead to the outdoor patio with serene fire pit. Community pool and spa.

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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: Poinsettia

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Poinsettia

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273922

* 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
Aviara Oaks Elementary School Primary Regular 693 24 10
Aviara Oaks Middle School Middle Regular 1,093 37 9
Carlsbad High School High Regular 2,685 101 9

Aviara Oaks Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 24
10
GreatSchools Rating

Aviara Oaks Middle School

  • Education Level: Middle
  • # of students: 1,093
  • # of teachers: 37
9
GreatSchools Rating

Carlsbad High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 101
9
GreatSchools Rating
 

$845,910$1,033,890$939,900

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$3,468
Property Tax -$832
Property Insurance -$84
HOA -$170
Property Management Fees -$129
CASH FLOW
-$834

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.

$939,900

PROJECTED PRICE

$3,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,824

INVESTMENT

$254,824

Down Payment
$234,975
Rehab Estimate
$5,750
Closing Costs
$14,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $234,975
Loan Amount $704,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$19,644

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,850

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $4,135

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8503$3,8954$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 1605 Turquoise Dr Carlsbad, CA 2
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.69
    •  
  • 2402 Trona Way Carlsbad, CA 1
    • 3 beds 4 baths ∙ 1,989 Sqft ∙ Built 2011 3 beds 4 baths ∙ 1,989 Sqft ∙ Built 2011
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.91
    •  
  • 1083 Beacon Bay Carlsbad, CA 3
    • 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 1997
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.69
    •  
  • 7021 Ibis Pl Carlsbad, CA 4
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1996
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.79
    •  
  • 6741 Tea Tree Carlsbad, CA 5
    • 4 beds 2 baths ∙ 2,396 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,396 Sqft ∙ Built 1998
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.88
    •  
PROPERTY LISTING DETAILS
Justin Tye
1.619.333.2721
Active Realty
BESbswy