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2412 La Pluma Ln Carlsbad, CA 92009

4 Beds 4 Baths 3,019 sqft Built 1978

$1,350,000

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $447.17
  • 7 Days on Market
  • MLS # : 210004580
  • Updated Date : 02/27/2021 at 15:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,019 sqft
  • Baths : 4 full
Listing Agent

Fathom Realty Group, Inc

Listing Agent's Description

Pride of ownership throughout! Very impressive highly sought-after community of Rancho Ponderosa. This home is one of the largest in the community. Over 3,000 sf of living space! Master bedroom is very spacious with ample closet space and natural light. 3 additional upstairs bedrooms and 2 additional bathrooms. Main living level includes a family room with fireplace, separate formal living room with fireplace, informal dining off kitchen as well as a separate formal dining area. A full bathroom, office and laundry room located on the main floor as well. The backyard includes low maintenance hardscape with built-in BBQ and gas fire pit lounge area for comfy backyard entertaining. Backyard backs up to a green belt for added privacy. This established community includes wide streets, sidewalks and 3 playgrounds. This home is a gem waiting for a new family to make it their own.

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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: 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
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

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
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$4,689
Property Tax -$1,320
Property Insurance -$103
HOA -$50
Property Management Fees -$129
CASH FLOW
-$2,371

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.

$1,350,000

PROJECTED PRICE

$3,920

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,920

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $4,695

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,920
1$3,9202$4,3953$5,000
$5,000
RENT COMPS ANALYSIS
  • 2412 La Pluma Ln Carlsbad, CA 1
    • 4 beds 4 baths ∙ 3,019 Sqft ∙ Built 1978 4 beds 4 baths ∙ 3,019 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,920
    • $1.30
    •  
  • 2658 Marquita Pl Carlsbad, CA 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
    •  
  • 1778 Orchard Wood Road Encinitas, CA 3
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 1990
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.69
    •  
PROPERTY LISTING DETAILS
Kimberlee Simmons
1.760.212.4960
Fathom Realty Group, Inc
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004580
Last Updated: 02/27/2021
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