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7057 Murillo Ln Carlsbad, CA 92009

4 Beds 3 Baths 2,372 sqft Built 1990

$999,999

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $421.58
  • 6 Days on Market
  • MLS # : 210002130
  • Updated Date : 01/28/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,372 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Well maintained two-story home located within the highly sought-after community of Alga Hills in Carlsbad. This amazing property features beautiful sunset views, neutral paint and trim, a cozy fireplace, and durable flooring throughout the main living areas of the home. High ceilings with large windows bask the home in an abundance of natural light.

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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
 

$899,999$1,099,999$999,999

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,473
Property Tax -$977
Property Insurance -$87
HOA -$140
Property Management Fees -$129
CASH FLOW
-$1,136

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.

$999,999

PROJECTED PRICE

$3,670

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $250,000
Loan Amount $749,999
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,868

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
  • $3,955

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$4,1004$4,3005$4,500
$4,500
RENT COMPS ANALYSIS
  • 7057 Murillo Ln Carlsbad, CA 1
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2737 Abejorro Carlsbad, CA 2
    • 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 1980
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.57
    •  
  • 2730 Ascot Carlsbad, CA 3
    • 3 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.64
    •  
  • 3106 Unicornio St Carlsbad, CA 4
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1986
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.67
    •  
  • 7021 Ibis Pl Carlsbad, CA 5
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1996
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.79
    •  
PROPERTY LISTING DETAILS
Erin Robertson
1.760.271.4420
Redfin Corporation
BESbswy