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2257 Vista La Nisa Carlsbad, CA 92009

4 Beds 5 Baths 3,008 sqft Built 1998

INVESTimate

$1,449,000

List Price

$5,490

$5,240 - $5,740

Rent Est.

$1,530,144  ( +5.60%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $481.72
  • 10 Days on Market
  • MLS # : 200039653
  • Updated Date : 08/26/2020 at 04:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,008 sqft
  • Baths : 4 full , 1 half
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

A beautiful north county coastal home in the heart of La Costa Valley. Exceptional location on a cornerlot adjacent to a cul-de-sac. Stunning views from all upstairs windows. Double-door entryway to majestic foyer with two art niches. Grand curved staircase and balcony. Plantation shutters and hard wood floors throughout. New white kitchen cabinets with quartzite countertops. View of garden backyard with private Pebble Tec Tahoe Blue pool including water features, spillway and spa. New pics soon.

SEE MORE

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: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274026

* 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
El Camino Creek Elementary School Primary Regular 705 27 9
El Camino Creek Elementary School Middle Regular 705 27 9
La Costa Canyon High School High Regular 2,013 79 9

El Camino Creek Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 27
9
GreatSchools Rating

El Camino Creek Elementary School

  • Education Level: Middle
  • # of students: 705
  • # of teachers: 27
9
GreatSchools Rating

La Costa Canyon High School

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

$1,304,100$1,593,900$1,449,000

PURCHASE PRICE

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

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$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,490
EXPENSES Loan Payment -$5,346
Property Tax -$1,416
Property Insurance -$103
HOA -$125
Property Management Fees -$129
CASH FLOW
-$1,629

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.

$1,449,000

PROJECTED PRICE

$5,490

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.60%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$389,735

INVESTMENT

$389,735

Down Payment
$362,250
Rehab Estimate
$5,750
Closing Costs
$21,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $362,250
Loan Amount $1,086,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$12,588

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
  • $4,865

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3953$4,8004$4,9505$5,000
$5,000
RENT COMPS ANALYSIS
  • 2257 Vista La Nisa Carlsbad, 1
    • 4 beds 5 baths ∙ 3,008 Sqft ∙ Built 1998 4 beds 5 baths ∙ 3,008 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2658 Marquita Pl Carlsbad, 2
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1979
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.42
    •  
  • 2941 Avenida Castana Carlsbad, 3
    • 3 beds 4 baths ∙ 2,797 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,797 Sqft ∙ Built 2000
    property image
    LEASED 04/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.72
    •  
  • 2012 Subida Terrace Carlsbad, 4
    • 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1979
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.62
    •  
  • 7886 Sitio Abeto Carlsbad, 5
    • 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2002
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.71
    •  
PROPERTY LISTING DETAILS
Lori Barnett
1.760.845.8810
Pacific Sotheby's Int'l Realty
BESbswy