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1647 Glen Hollow Ct Encinitas, CA 92024

5 Beds 3 Baths 3,180 sqft Built 1984

$1,749,000

List Price

$5,010

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $550.00
  • 7 Days on Market
  • MLS # : 210003368
  • Updated Date : 02/14/2021 at 06:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,180 sqft
  • Baths : 3 full
Listing Agent

Joshua Krause

Listing Agent's Description

Meet the Crown Jewel of Village Park!! 5 Bedrooms plus an additional Office/Exercise Room along with 3 fully remodeled full bathrooms. The home has been thoughtfully expanded and enhanced to create a home like no other in this highly sought after neighborhood. Location perfect on a double cul-de-sac street perched atop a canyon view lot.

SEE MORE

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: Olivenhain

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $240k1055k

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

Neighborhood: Olivenhain

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274241

* 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
Diegueno Middle School Middle Regular 952 39 9
La Costa Canyon High School High Regular 2,013 79 9

Diegueno Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 39
9
GreatSchools Rating

La Costa Canyon High School

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

$1,574,100$1,923,900$1,749,000

PURCHASE PRICE

$4,509$5,511$5,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,010
EXPENSES Loan Payment -$6,075
Property Tax -$1,709
Property Insurance -$107
HOA -$65
Property Management Fees -$129
CASH FLOW
-$3,075

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.

$1,749,000

PROJECTED PRICE

$5,010

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.2%
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-$50k-$40k-$30k-$20k-$10k$0.0$10k

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$469,235

INVESTMENT

$469,235

Down Payment
$437,250
Rehab Estimate
$5,750
Closing Costs
$26,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,075

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $437,250
Loan Amount $1,311,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$142

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
  • $5,162

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3953$4,8004$5,795
$5,795
RENT COMPS ANALYSIS
  • 1647 Glen Hollow Ct Encinitas, CA 1
    • 5 beds 3 baths ∙ 3,180 Sqft ∙ Built 1984 5 beds 3 baths ∙ 3,180 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2658 Marquita Pl Carlsbad, CA 2
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1979
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.42
    •  
  • 7886 Sitio Abeto Carlsbad, CA 3
    • 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2002
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.64
    •  
  • 3451 Camino Alegre Carlsbad, CA 4
    • 4 beds 4 baths ∙ 3,208 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,208 Sqft ∙ Built 1998
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,795
    • $1.81
    •  
PROPERTY LISTING DETAILS
Joshua Krause
1.858.876.4445
Joshua Krause
BESbswy