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1717 Gascony Rd. Encinitas, CA 92024

4 Beds 3 Baths 2,440 sqft Built 1979

INVESTimate

$1,269,000

List Price

$4,520

$4,270 - $4,770

Rent Est.

$1,357,069  ( +6.94%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1979
  • Price/Sqft : $520.08
  • 12 Days on Market
  • MLS # : 200039516
  • Updated Date : 08/20/2020 at 16:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,440 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home North County

Listing Agent's Description

Incredible views from this wonderful Encinitas home close to the beach! Light and bright with master bath and second full bath fully remodeled. Open floor plan on first level to take advantage of the views! Built in BBQ located just outside the kitchen for easy entertaining! Newer roof, new sliding doors, and rare large bonus space under homes for possible workout room, wine cellar or? Great community pool, spa and tennis! Minutes to beach, freeway, shopping, golf, great schools and more. A MUST SEE!

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MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Capri Elementary School Primary Regular 705 28 7
Diegueno Middle School Middle Regular 952 39 9
La Costa Canyon High School High Regular 2,013 79 9

Capri Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 28
7
GreatSchools Rating

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
 

$1,142,100$1,395,900$1,269,000

PURCHASE PRICE

$4,068$4,972$4,520

RENT

DOWN PAYMENT
FINANCING

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$20k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,520
EXPENSES Loan Payment -$4,682
Property Tax -$1,168
Property Insurance -$89
HOA -$326
Property Management Fees -$129
CASH FLOW
-$1,874

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.

$1,269,000

PROJECTED PRICE

$4,520

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.94%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$342,035

INVESTMENT

$342,035

Down Payment
$317,250
Rehab Estimate
$5,750
Closing Costs
$19,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $317,250
Loan Amount $951,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$893

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
  • $4,575

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,6003$4,800
$4,800
RENT COMPS ANALYSIS
  • 1717 Gascony Rd. Encinitas, 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1390 Nightshade Carlsbad, 2
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1999
    property image
    LEASED 03/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.75
    •  
  • 1762 Gascony Rd Encinitas, 3
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1979
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.00
    •  
PROPERTY LISTING DETAILS
Kristine Ferguson
1.760.717.1725
Home North County
BESbswy