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2364 Summerwind Pl Carlsbad, CA 92008

5 Beds 3 Baths 2,881 sqft Built 2000

$1,150,000

List Price

$5,090

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $399.17
  • 14 Days on Market
  • MLS # : 210004058
  • Updated Date : 02/26/2021 at 18:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,881 sqft
  • Baths : 3 full
Listing Agent

Sentry Residential Inc.

Listing Agent's Description

Beautifully upgraded home in Hidden Ridge neighborhood. Tranquil backyard with a view. Neighborhood includes walking trails, grassy fields, and a community sand volleyball court. HOA features RV and Boat Parking. Minutes to the beach, downtown Carlsbad Village, Legoland CA, and the Carlsbad Flower Fields. Not to mention top Carlsbad schools: Kelly Elementary, Valley Middle, Carlsbad High or Sage Creek High. Recently installed hardwood floors and plantation shutters throughout. Open floor plan with a full bed and bath downstairs. Charming kitchen with quartz countertops, white cabinets, tile backsplash, and stainless steel appliances. The large master features a balcony with a view and a new walk-in shower. Upstairs includes a spacious loft bonus space.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Hedionda Point

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $240k979k

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

Neighborhood: Hedionda Point

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273922

* 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
Kelly Elementary School Primary Regular 423 16 10
Valley Middle School Middle Regular 1,027 37 8
Carlsbad High School High Regular 2,685 101 9

Kelly Elementary School

  • Education Level: Primary
  • # of students: 423
  • # of teachers: 16
10
GreatSchools Rating

Valley Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 37
8
GreatSchools Rating

Carlsbad High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 101
9
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$4,581$5,599$5,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,090
EXPENSES Loan Payment -$3,994
Property Tax -$1,032
Property Insurance -$100
HOA -$147
Property Management Fees -$129
CASH FLOW
-$312

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.

$1,150,000

PROJECTED PRICE

$5,090

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.4%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k

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$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$68,398

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
  • $5,647

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,500
$5,500
RENT COMPS ANALYSIS
  • 2364 Summerwind Pl Carlsbad, CA 1
    • 5 beds 3 baths ∙ 2,881 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,881 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3736 Arapaho Carlsbad, CA 2
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2011
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.96
    •  
PROPERTY LISTING DETAILS
Mike Chiesl
1.858.777.9816
Sentry Residential Inc.
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004058
Last Updated: 02/26/2021
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