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

570 Paloma Court Encinitas, CA 92024

5 Beds 5 Baths 3,911 sqft Built 2002

$1,649,000

List Price

$5,660

$5.4K - $5.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $421.63
  • 6 Days on Market
  • MLS # : 210000968
  • Updated Date : 01/16/2021 at 17:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,911 sqft
  • Baths : 4 full , 1 half
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

Stylish home in the sought-after coastal neighborhood of Encinitas Ranch. Perfectly scaled, spacious floor plan illuminated by high ceilings & wide hallways. A formal entry opens to the living & dining rooms for separate entertaining. The gourmet kitchen/family room combo extends out to the soothing backyard patio with fireplace & bar seating. Featuring wood flooring, downstairs bedroom with full bath, expansive master suite with sitting area & fireplace, butler’s pantry, laundry room, & 3 car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Encinitas

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $240k1064k

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

Neighborhood: Encinitas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274397

* 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
Capri Elementary School Primary Regular 705 28 7
Oak Crest Middle School Middle Regular 852 36 8
La Costa Canyon High School High Regular 2,013 79 9

Capri Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 28
7
GreatSchools Rating

Oak Crest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 36
8
GreatSchools Rating

La Costa Canyon High School

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

$1,484,100$1,813,900$1,649,000

PURCHASE PRICE

$5,094$6,226$5,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,660
EXPENSES Loan Payment -$5,728
Property Tax -$1,887
Property Insurance -$126
HOA -$198
Property Management Fees -$129
CASH FLOW
-$2,407

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.

$1,649,000

PROJECTED PRICE

$5,660

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.9%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$442,735

INVESTMENT

$442,735

Down Payment
$412,250
Rehab Estimate
$5,750
Closing Costs
$24,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,728

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $412,250
Loan Amount $1,236,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,660

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $5,163

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$4,800
1$4,8002$5,660
$5,660
RENT COMPS ANALYSIS
  • 570 Paloma Court Encinitas, CA 2
    • 5 beds 5 baths ∙ 3,911 Sqft ∙ Built 2002 5 beds 5 baths ∙ 3,911 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $5,660
    • $1.45
    •  
  • 8070 Via Arce Carlsbad, CA 1
    • 5 beds 4 baths ∙ 3,624 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,624 Sqft ∙ Built 2001
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.32
    •  
PROPERTY LISTING DETAILS
Catherine Gilchrist-colmar
1.858.775.6511
Pacific Sotheby's Int'l Realty
BESbswy