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2722 La Golondrina St Carlsbad, CA 92009

4 Beds 3 Baths 1,849 sqft Built 1978

$1,149,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $621.42
  • 4 Days on Market
  • MLS # : 210001785
  • Updated Date : 01/22/2021 at 16:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,849 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Fully Remodeled with VIEWS and a Huge Yard! Charming Rancho Carrillo home on a quiet street has been completely reimagined and is move in ready. Modern, yet inviting aesthetic includes blonde wood flooring, white shaker kitchen w/ custom floating shelves, matte black hardware, quartz counters w/ quiet veining, s/s appliances, gorgeous statement light fixtures, brand new windows, crisp white paint, epoxy garage floor, all 4 bedrooms up, custom bocce court with market lights, and did we mention the views?

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
La Costa Heights Elementary School Primary Regular 703 29 10
La Costa Heights Elementary School Middle Regular 703 29 10
La Costa Canyon High School High Regular 2,013 79 9

La Costa Heights Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 29
10
GreatSchools Rating

La Costa Heights Elementary School

  • Education Level: Middle
  • # of students: 703
  • # of teachers: 29
10
GreatSchools Rating

La Costa Canyon High School

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

$1,034,100$1,263,900$1,149,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,991
Property Tax -$1,114
Property Insurance -$74
HOA -$6
Property Management Fees -$129
CASH FLOW
-$1,963

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.

$1,149,000

PROJECTED PRICE

$3,350

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

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,235

INVESTMENT

$310,235

Down Payment
$287,250
Rehab Estimate
$5,750
Closing Costs
$17,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,991

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$102

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
  • $3,518

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$3,8004$3,8005$3,995
$3,995
RENT COMPS ANALYSIS
  • 2722 La Golondrina St Carlsbad, CA 1
    • 4 beds 3 baths ∙ 1,849 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,849 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7310 Alta Vista Carlsbad, CA 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1988
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.78
    •  
  • 7188 Willet Circle Carlsbad, CA 3
    • 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.95
    •  
  • 7033 Estrella De Mar Rd Carlsbad, CA 4
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1968
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.93
    •  
  • 7911 Roble Place Carlsbad, CA 5
    • 5 beds 3 baths ∙ 2,049 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,049 Sqft ∙ Built 1977
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.95
    •  
PROPERTY LISTING DETAILS
Lauren Boston
1.619.929.5387
Compass
BESbswy