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2859 Via Conquistador 
Carlsbad, CA
92009
4 Beds 3 Baths 3,256 sqft
Built 2000
INVESTimate
$1,345,000
List Price
$362,175
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $413.08
- 5 Days on Market
- MLS # : 200040699
- Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
- Beds : 4
- Floor Size : 3,256 sqft
- Baths : 3 full
Listing Agent
Compass
Listing Agent's Description
Pride of ownership shines through in this upgraded, meticulous 4 bed home in Estancia Village of Rancho Carrillo. The stylishly upgraded chef's kitchen is the heart of the home, opening to a spacious family room with park-like views of the ample back / side yards. Convenient first floor Bedroom and full bath. Bonus, private office off Master. Hardwood floors, modern secondary baths, top of the line fixtures/appliances, dual AC, recently painted exterior. Entertaining offers from $1,295,000 - $1,345,000.
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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 Carillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Carillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,370 |
| EXPENSES | Loan Payment | -$4,962 |
| Property Tax | -$1,545 | |
| Property Insurance | -$109 | |
| HOA | -$107 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$2,483
|
||
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.
$1,345,000
PROJECTED PRICE
$4,370
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 5.73% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$362,175
LOAN DETAILS
$4,962
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $336,250 |
| Loan Amount | $1,008,750 |
0.17
YEARS SAVED
$141
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,370
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$4,754
COMP ESTIMATED VALUE -
$1.46
COMP AVG. RENT PER SQFT
Comps Range
-
2859 Via Conquistador Carlsbad, 2
- 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $4,370
- $1.34
-
6233 Paseo Privado Carlsbad, 1
- 3 beds 4 baths ∙ 3,060 Sqft ∙ Built 2002 3 beds 4 baths ∙ 3,060 Sqft ∙ Built 2002
LEASED 04/22/20- Rent
- Rent Per SQFT
- $4,000
- $1.31
-
2968 Rancho Brasado Carlsbad, 3
- 4 beds 4 baths ∙ 3,259 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,259 Sqft ∙ Built 2001
LEASED 06/01/19- Rent
- Rent Per SQFT
- $4,800
- $1.47
-
7090 Sitio Corazon Carlsbad, 4
- 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2013
LEASED 03/22/19- Rent
- Rent Per SQFT
- $5,250
- $1.60
PROPERTY LISTING DETAILS
1.714.267.1104
Compass
