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7374 Melodia Terrace Carlsbad, CA 92011

5 Beds 6 Baths 4,275 sqft Built 1997

$1,825,000

List Price

$6,780

$6.5K - $7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $426.90
  • 5 Days on Market
  • MLS # : 210001576
  • Updated Date : 01/20/2021 at 18:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,275 sqft
  • Baths : 5 full , 1 half
Listing Agent

Tyler Sinks, Broker

Listing Agent's Description

Turnkey, executive home in secure / gated community within Aviara Master Plan. 4,275 SF with 5BD and 5.5 BA with fully built out home office. Large 10,500 SF / .24 acre lot. Upgraded kitchen with stainless appliances. Large main suite with his and hers full bathrooms. New, dual-zone AC units. Samsung front load W/D, and 75g water heater. Move-in ready. Play at Aviara and La Costa golf courses. Excellent K-12 schools. Walk to Batiquitos Lagoon and Ponto 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
 

$1,642,500$2,007,500$1,825,000

PURCHASE PRICE

$6,102$7,458$6,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,780
EXPENSES Loan Payment -$6,339
Property Tax -$1,626
Property Insurance -$135
HOA -$122
Property Management Fees -$129
CASH FLOW
-$1,570

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.

$1,825,000

PROJECTED PRICE

$6,780

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.2%
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-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

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$489,375

INVESTMENT

$489,375

Down Payment
$456,250
Rehab Estimate
$5,750
Closing Costs
$27,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$6,339

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $456,250
Loan Amount $1,368,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$28,643

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
  • $7,610

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,500
$7,500
RENT COMPS ANALYSIS
  • 7374 Melodia Terrace Carlsbad, CA 1
    • 5 beds 6 baths ∙ 4,275 Sqft ∙ Built 1997 5 beds 6 baths ∙ 4,275 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7091 Heron Cir Carlsbad, CA 2
    • 5 beds 5 baths ∙ 4,203 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,203 Sqft ∙ Built 2006
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.78
    •  
PROPERTY LISTING DETAILS
Tyler Sinks
1.619.890.8486
Tyler Sinks, Broker
BESbswy