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2258 Aventurine Pl Carlsbad, CA 92009

5 Beds 6 Baths 3,646 sqft Built 2006

INVESTimate

$1,268,000

List Price

$6,880

$6,630 - $7,130

Rent Est.

$1,336,979  ( +5.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $347.78
  • 6 Days on Market
  • MLS # : 200040582
  • Updated Date : 08/22/2020 at 15:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,646 sqft
  • Baths : 5 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

La Costa Greens~ Located on a quiet Cul-de-sac street! Large floor plan includes 5 full bedrooms + 5.5 baths + Loft and over 3600 square feet of living space! 3rd car garage was optioned into downstairs bedroom and full bath at time of construction. All NEW berber carpet throughout. Low maintenance landscaping includes palms and fruit trees. Stamped concrete patio in back for relaxing or entertaining. This is very gently lived in home that is exceptionally well-kept and move in ready!

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: La Costa Greens

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $240k1224k

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

Neighborhood: La Costa Greens

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $16275479

* 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
La Costa Meadows Elementary School Primary Regular 948 34 8
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

La Costa Meadows Elementary School

  • Education Level: Primary
  • # of students: 948
  • # of teachers: 34
8
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
 

$1,141,200$1,394,800$1,268,000

PURCHASE PRICE

$6,192$7,568$6,880

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$4.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k$70k$80k

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 $6,880
EXPENSES Loan Payment -$4,678
Property Tax -$1,325
Property Insurance -$119
HOA -$221
Property Management Fees -$129
CASH FLOW
$408

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.

$1,268,000

PROJECTED PRICE

$6,880

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.44%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$341,770

INVESTMENT

$341,770

Down Payment
$317,000
Rehab Estimate
$5,750
Closing Costs
$19,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$4,678

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $317,000
Loan Amount $951,000
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$184,959

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $6,880

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $7,353

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$5,600
1$5,6002$6,8803$7,0004$8,500
$8,500
RENT COMPS ANALYSIS
  • 2258 Aventurine Pl Carlsbad, 2
    • 5 beds 6 baths ∙ 3,646 Sqft ∙ Built 2006 5 beds 6 baths ∙ 3,646 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $6,880
    • $1.89
    •  
  • 1577 Corte Orchidia Carlsbad, 1
    • 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2002
    property image
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.68
    •  
  • 7293 Calle Conifera Carlsbad, 3
    • 5 beds 6 baths ∙ 3,610 Sqft ∙ Built 2005 5 beds 6 baths ∙ 3,610 Sqft ∙ Built 2005
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.94
    •  
  • 7139 Sitio Caliente Carlsbad, 4
    • 4 beds 5 baths ∙ 3,500 Sqft ∙ Built 2010 4 beds 5 baths ∙ 3,500 Sqft ∙ Built 2010
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $2.43
    •  
PROPERTY LISTING DETAILS
Charlie Baker
1.760.207.2696
Redfin Corporation
BESbswy