Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
3455 Spanish Way 
Carlsbad, CA
92008
4 Beds 2 Baths 1,749 sqft
Built 1970
INVESTimate
$899,000
List Price
$243,985
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $514.01
- 3 Days on Market
- MLS # : 200040920
- Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
- Beds : 4
- Floor Size : 1,749 sqft
- Baths : 2 full
Listing Agent
Century 21 Award
Listing Agent's Description
Highly Sought After Single Story Beauty Near the Carlsbad Village Area. The Home and Property Feature, Remodeled Kitchen, Newer Windows, Remodeled Master Bathroom, Newer Carpet in Part of the Home, and All Appliances Convey. On a Cul-De Sac Street, with Walking Distance to All the Local Schools and the Village of Carlsbad!
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: Olde Carlsbad
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Olde Carlsbad
* 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 | $3,220 |
| EXPENSES | Loan Payment | -$3,317 |
| Property Tax | -$801 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,098
|
||
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.
$899,000
PROJECTED PRICE
$3,220
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 6.38% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$243,985
LOAN DETAILS
$3,317
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $224,750 |
| Loan Amount | $674,250 |
1.25
YEARS SAVED
$5,619
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,220
LIST RENT -
$1.84
LIST RENT PER SQFT
-
$3,183
COMP ESTIMATED VALUE -
$1.82
COMP AVG. RENT PER SQFT
Comps Range
-
3455 Spanish Way Carlsbad, 4
- 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $3,220
- $1.84
-
2801 Via Cascada Carlsbad, 1
- 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1974
LEASED 06/14/19- Rent
- Rent Per SQFT
- $2,600
- $1.74
-
2511 Via Sorbete Carlsbad, 2
- 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1978
LEASED 03/14/19- Rent
- Rent Per SQFT
- $2,650
- $1.77
-
2719 Cypress Hill Rd Carlsbad, 3
- 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985
LEASED 05/06/20- Rent
- Rent Per SQFT
- $3,150
- $1.88
-
4020 Layang Layang #d Carlsbad, 5
- 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1977
LEASED 04/21/19- Rent
- Rent Per SQFT
- $3,499
- $1.89
PROPERTY LISTING DETAILS
1.760.815.5308
Century 21 Award
