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7206 Durango Circle Carlsbad, CA 92011

4 Beds 3 Baths 2,699 sqft Built 1978

INVESTimate

$999,000

List Price

$3,980

$3,730 - $4,230

Rent Est.

$1,054,944  ( +5.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $370.14
  • 2 Days on Market
  • MLS # : 200041094
  • Updated Date : 08/25/2020 at 18:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,699 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Nicely renovated one-story 3br home with attached guest house in very private setting located near everything - all for $999,000! Hardwood floors, stainless kitchen, massive walk-in closets, two fireplaces, central A/C, and it's tucked away in a culdesac-like spot off the beaten path. No HOA, & no power lines. On the map it looks close to El Camino Real, but it is remarkably quiet. Master br down, & master up (in guest house). Great for multi-gen, work-at-home, distance learning, etc.

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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: 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
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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,582$4,378$3,980

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$3,686
Property Tax -$905
Property Insurance -$95
Property Management Fees -$129
CASH FLOW
-$835

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.

$999,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.60%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$25,030

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
  • $4,282

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$4,0004$4,095
$4,095
RENT COMPS ANALYSIS
  • 7206 Durango Circle Carlsbad, 1
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2324 Terraza Ribera Carlsbad, 2
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1992
    LEASED 04/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.47
    •  
  • 6534 Persa Carlsbad, 3
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1978
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.64
    •  
  • 3305 La Costa Ave Carlsbad, 4
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1975
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,095
    • $1.65
    •  
PROPERTY LISTING DETAILS
Jim Klinge
1.858.997.3801
Compass
BESbswy