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6938 Wildrose Ter Carlsbad, CA 92011

4 Beds 3 Baths 2,888 sqft Built 1996

INVESTimate

$1,075,000

List Price

$4,610

$4,360 - $4,860

Rent Est.

$1,130,685  ( +5.18%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $372.23
  • 10 Days on Market
  • MLS # : 200039673
  • Updated Date : 08/25/2020 at 15:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,888 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to the highly desired neighborhood of Sandpiper in Aviara, situated on a double cul-de-sac , featuring natural light, tall ceilings in the entry area, living room, and dining room. Enjoy a quiet back yard looking out to mature trees, natural park and walking trail viewed from the open family room,eat in kitchen. Downstairs Bedroom with a full bath close by. Upstairs features a large bonus room, 2 secondary bedrooms, and a large Master Suite. Close by Award-winning schools, shopping, lagoon, beach.

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: Aviara

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $240k1148k

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

Neighborhood: Aviara

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2200025003000350040004500Rent in $16274922

* 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
Aviara Oaks Elementary School Primary Regular 693 24 10
Aviara Oaks Middle School Middle Regular 1,093 37 9
Carlsbad High School High Regular 2,685 101 9

Aviara Oaks Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 24
10
GreatSchools Rating

Aviara Oaks Middle School

  • Education Level: Middle
  • # of students: 1,093
  • # of teachers: 37
9
GreatSchools Rating

Carlsbad High School

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

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,610
EXPENSES Loan Payment -$3,966
Property Tax -$961
Property Insurance -$100
HOA -$118
Property Management Fees -$129
CASH FLOW
-$664

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.

$1,075,000

PROJECTED PRICE

$4,610

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.18%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$43,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,910

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,6004$4,8955$5,600
$5,600
RENT COMPS ANALYSIS
  • 6938 Wildrose Ter Carlsbad, 1
    • 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1170 Mariposa Rd Carlsbad, 2
    • 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 2002
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.65
    •  
  • 1390 Nightshade Carlsbad, 3
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1999
    LEASED 03/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.75
    •  
  • 7058 Rose Drive Carlsbad, 4
    • 4 beds 5 baths ∙ 2,964 Sqft ∙ Built 2006 4 beds 5 baths ∙ 2,964 Sqft ∙ Built 2006
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,895
    • $1.65
    •  
  • 7069 Crystalline Drive Carlsbad, 5
    • 5 beds 5 baths ∙ 3,199 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,199 Sqft ∙ Built 2006
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.75
    •  
PROPERTY LISTING DETAILS
Shelly Vanbrabant
1.619.647.9631
Coldwell Banker Realty
BESbswy