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1927 Playa Riviera Dr Cardiff, CA 92007

4 Beds 3 Baths 2,496 sqft Built 1988

$1,749,000

List Price

$5,490

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $700.72
  • 18 Days on Market
  • MLS # : 210001961
  • Updated Date : 01/28/2021 at 23:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Completely updated home with an attached studio. ***Desirable corner lot location with ocean views from the second floor! ***Attached studio apartment with a large walk-in closet, private yard with covered patio, and separate entrance. ***Entry-level bedroom and full bathroom. ***Owned solar panels! ***Open concept living with a stunning floor-to-ceiling stacked stone fireplace. ***Large kitchen with a breakfast bar, walk-in-pantry, and built-in wine fridge. ***Entertain friends and family in the formal

SEE MORE

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: 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
 

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

PURCHASE PRICE

$4,941$6,039$5,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,490
EXPENSES Loan Payment -$6,075
Property Tax -$1,713
Property Insurance -$90
Property Management Fees -$129
CASH FLOW
-$2,517

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

$5,490

PROJECTED RENT

0.31%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

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 70% 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

0.25

YEARS SAVED

$635

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
  • $5,909

    COMP ESTIMATED VALUE
  • $2.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,3003$5,9504$5,9505$6,000
$6,000
RENT COMPS ANALYSIS
  • 1927 Playa Riviera Dr Cardiff, CA 1
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1548 Calle Violetas Encinitas, CA 2
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 1977
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $2.32
    •  
  • 2326 Lagoon View Dr Cardiff By The Sea, CA 3
    • 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 1987
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,950
    • $2.28
    •  
  • 2154 Manchester Avenue Cardiff By The Sea, CA 4
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1986
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,950
    • $2.48
    •  
  • 2142 Edinburg Ave Cardiff By The Sea, CA 5
    • 3 beds 3 baths ∙ 2,506 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,506 Sqft ∙ Built 1989
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.39
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc.
BESbswy