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2125 Sand Crest Way San Marcos, CA 92078

4 Beds 3 Baths 2,540 sqft Built 2001

$1,025,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $403.54
  • 5 Days on Market
  • MLS # : 210007621
  • Updated Date : 03/25/2021 at 19:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,540 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Come live your best life in this stunning remodeled home nestled on a canyon lot within the gated community of Rancho Dorado. As you enter you are warmly greeted by a large living room with shutter-adorned windows and illuminated by recessed lighting. The family room, dining area and kitchen flow seamlessly together and enjoy a wall of windows that bathe the interior in natural light and provide serene hillside views.

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: Lake San Marcos

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k645k

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

Neighborhood: Lake San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15033094

* 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
Carrillo Elementary School Primary Regular 1,058 40 9
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

Carrillo Elementary School

  • Education Level: Primary
  • # of students: 1,058
  • # of teachers: 40
9
GreatSchools Rating

San Elijo Middle School

  • Education Level: Middle
  • # of students: 1,850
  • # of teachers: 61
9
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$3,560
Property Tax -$947
Property Insurance -$91
HOA -$205
Property Management Fees -$129
CASH FLOW
-$983

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,025,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$12,829

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
  • $4,204

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,1003$4,300
$4,300
RENT COMPS ANALYSIS
  • 2125 Sand Crest Way San Marcos, CA 1
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2730 Ascot Carlsbad, CA 2
    • 3 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.64
    •  
  • 3106 Unicornio St Carlsbad, CA 3
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1986
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.67
    •  
PROPERTY LISTING DETAILS
Charlie Baker
1.760.207.2696
Redfin Corporation
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007621
Last Updated: 03/25/2021
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