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7009 El Fuerte St Carlsbad, CA 92009

4 Beds 3 Baths 3,320 sqft Built 1988

$1,500,000

List Price

$4,480

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $451.81
  • 5 Days on Market
  • MLS # : 200050734
  • Updated Date : 11/04/2020 at 22:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,320 sqft
  • Baths : 3 full
Listing Agent

Real Estate Ebroker, Inc.

Listing Agent's Description

located in La Costa Meadows with private pool & SPA.4 bedroom, 3 Bathroom,3 car garages. separate 400 structure in the backyard. Grand Entry, high ceilings,metal and wood staircase. formal dining area, Family living room, Kitchen center island and breakfast area,large master suite with large bathroom area. Guest suite and bathroom on first floor.solar, security camera and alarm installed.Property has been rented until 8/2021, it will convey with renter with $4500/month. virtual showing only.

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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: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Rancho la Costa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2180020002200240026002800300032003400360038004000Rent in $16274026

* 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
La Costa Meadows Elementary School Primary Regular 948 34 8
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

La Costa Meadows Elementary School

  • Education Level: Primary
  • # of students: 948
  • # of teachers: 34
8
GreatSchools Rating

San Elijo Middle School

  • Education Level: Middle
  • # of students: 1,850
  • # of teachers: 61
9
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$4,032$4,928$4,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,480
EXPENSES Loan Payment -$5,534
Property Tax -$1,466
Property Insurance -$111
Property Management Fees -$129
CASH FLOW
-$2,759

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.

$1,500,000

PROJECTED PRICE

$4,480

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.6%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$160

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
  • $4,814

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3953$4,8004$5,100
$5,100
RENT COMPS ANALYSIS
  • 7009 El Fuerte St Carlsbad, CA 1
    • 4 beds 3 baths ∙ 3,320 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,320 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2658 Marquita Pl Carlsbad, CA 2
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1979
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.42
    •  
  • 2968 Rancho Brasado Carlsbad, CA 3
    • 4 beds 4 baths ∙ 3,259 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,259 Sqft ∙ Built 2001
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.47
    •  
  • 7294 Sitio Lirio Carlsbad, CA 4
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 2005
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $1.46
    •  
PROPERTY LISTING DETAILS
Gita Mahingostar
1.760.845.3514
Real Estate Ebroker, Inc.
BESbswy