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3629 Laredo Carlsbad, CA 92010

4 Beds 3 Baths 1,729 sqft Built 1985

$949,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $548.87
  • 4 Days on Market
  • MLS # : 210001188
  • Updated Date : 01/16/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,729 sqft
  • Baths : 3 full
Listing Agent

Realty Source, Inc.

Listing Agent's Description

Come see this beautiful 4 BDRM/3 BATH corner lot home in Carlsbad with NO HOA or Mello Roos. Priced to sell, this home offers a full bedroom and bath downstairs ready for move-in. New windows and sliders, floors, kitchen cabinets with a custom back splash, stainless steel appliances, quartz counter top, floor to ceiling tiled fireplace, remodeled bathrooms, designer tile and freshly painted inside and out. Carlsbad schools and close to all. This remodeled beauty is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tamarack Point

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Tamarack 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
Hope Elementary School Primary Regular 619 22 9
Calavera Hills Middle School Middle Regular 458 18 7
Carlsbad High School High Regular 2,685 101 9

Hope Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 22
9
GreatSchools Rating

Calavera Hills Middle School

  • Education Level: Middle
  • # of students: 458
  • # of teachers: 18
7
GreatSchools Rating

Carlsbad High School

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

$854,100$1,043,900$949,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,296
Property Tax -$852
Property Insurance -$71
Property Management Fees -$129
CASH FLOW
-$1,187

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.

$949,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $3,181

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,1003$3,1604$3,1995$3,295
$3,295
RENT COMPS ANALYSIS
  • 3629 Laredo Carlsbad, CA 3
    • 4 beds 3 baths ∙ 1,729 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,729 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.83
    •  
  • 2511 Via Sorbete Carlsbad, CA 1
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1978
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.84
    •  
  • 2968 Lexington Circle Carlsbad, CA 2
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1984
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.80
    •  
  • 2986 Ridgefield Carlsbad, CA 4
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,199
    • $1.68
    •  
  • 4315 La Portalada Dr Carlsbad, CA 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.04
    •  
PROPERTY LISTING DETAILS
Nancee Nayab
1.949.683.7484
Realty Source, Inc.
BESbswy