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1869 Pacific Ranch Dr Encinitas, CA 92024

3 Beds 3 Baths 1,753 sqft Built 1984

$1,295,000

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $738.73
  • 6 Days on Market
  • MLS # : 200054009
  • Updated Date : 12/18/2020 at 08:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Welcome to this beautifully maintained & upgraded home in Pacific Ranch! Private location, surrounded by canyons, trees & greenbelt. 3 BD, 2.5 BA home w an open floor plan, high ceilings & natural light. Updated throughout w new cabinetry, granite countertops, wood floors, fireplace w custom built-ins, new stair rails & new fixtures. Add'l space added at upper landing- perfect for office or crafts. Epoxied garage + tankless water heater. Landscaping maintained by HOA, as well as, parks, pool, tennis & ..

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Park Dale Lane Elementary School Primary Regular 536 23 6
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

Park Dale Lane Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 23
6
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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$4,778
Property Tax -$1,196
Property Insurance -$71
HOA -$381
Property Management Fees -$129
CASH FLOW
-$2,455

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.

$1,295,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.32%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$117

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
  • $4,347

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4503$3,9504$3,9955$4,900
$4,900
RENT COMPS ANALYSIS
  • 1869 Pacific Ranch Dr Encinitas, CA 1
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 930 Via Mil Cumbres #36 Solana Beach, CA 2
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1985
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.45
    •  
  • 1644 Traveld Encinitas, CA 3
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1973
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.55
    •  
  • 1039 Santa Florencia Solana Beach, CA 4
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1978
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.31
    •  
  • 1435 Santa Marta Ct Solana Beach, CA 5
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1975
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.61
    •  
PROPERTY LISTING DETAILS
Gina Vreeburg
1.760.419.8800
Compass
BESbswy