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3860 Valley St Carlsbad, CA 92008

3 Beds 2 Baths 1,457 sqft Built 1963

$939,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $644.47
  • 10 Days on Market
  • MLS # : 200050988
  • Updated Date : 11/11/2020 at 23:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,457 sqft
  • Baths : 2 full
Listing Agent

Epic Real Estate And Mgmt, Inc

Listing Agent's Description

Exceptionally tasteful remodeled home in Olde Carlsbad. This is the home you’ve been waiting for. Taken down to the studs and revamped to take this classic beach home into a comfortable and updated feel. Character and charm still remain with all the comforts you could ask for. All new electrical, plumbing, bathrooms, flooring, kitchen, HVAC, the list goes on. An ideal location with easy access to beaches, freeways, shopping and all that downtown Carlsbad has to offer.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Olde Carlsbad

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $240k979k

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

Neighborhood: Olde Carlsbad

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
Magnolia Elementary School Primary Regular 476 17 9
Valley Middle School Middle Regular 1,027 37 8
Carlsbad High School High Regular 2,685 101 9

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 17
9
GreatSchools Rating

Valley Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 37
8
GreatSchools Rating

Carlsbad High School

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

$845,100$1,032,900$939,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$3,464
Property Tax -$837
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$1,644

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.

$939,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,585

INVESTMENT

$254,585

Down Payment
$234,750
Rehab Estimate
$5,750
Closing Costs
$14,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,464

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $234,750
Loan Amount $704,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $2,977

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8503$3,2954$3,600
$3,600
RENT COMPS ANALYSIS
  • 3860 Valley St Carlsbad, CA 2
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.96
    •  
  • 2511 Via Sorbete Carlsbad, CA 1
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1978
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.84
    •  
  • 4315 La Portalada Dr Carlsbad, CA 3
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1976
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.04
    •  
  • 3365 Appian Rd Carlsbad, CA 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1978
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.25
    •  
PROPERTY LISTING DETAILS
Roy Wannamaker
1.760.550.8160
Epic Real Estate And Mgmt, Inc
BESbswy