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755 Puebla St Encinitas, CA 92024

4 Beds 3 Baths 2,376 sqft Built 1975

$1,599,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $672.98
  • 3 Days on Market
  • MLS # : 210003223
  • Updated Date : 02/06/2021 at 02:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Charming Leucadia home on a large lot located on a private street off Saxony! This coastal home welcomes you with a gated driveway, front yard with a pergola covered front patio, Dutch door, & light-filled foyer! Featuring wood flooring, shutters throughout, recessed lighting, & open kitchen with a butcher block island, concrete counters & backsplash with mosaics, & Viking stove! The large living/dining room has white shiplap & beamed ceilings, skylights, a fireplace, & french doors to the backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Encinitas

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $240k1064k

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

Neighborhood: Encinitas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16274397

* 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
Diegueno Middle School Middle Regular 952 39 9
La Costa Canyon High School High Regular 2,013 79 9

Diegueno Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 39
9
GreatSchools Rating

La Costa Canyon High School

  • Education Level: High
  • # of students: 2,013
  • # of teachers: 79
9
GreatSchools Rating
 

$1,439,100$1,758,900$1,599,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$5,554
Property Tax -$1,498
Property Insurance -$87
Property Management Fees -$129
CASH FLOW
-$2,568

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.

$1,599,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.9%
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

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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,485

INVESTMENT

$429,485

Down Payment
$399,750
Rehab Estimate
$5,750
Closing Costs
$23,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,554

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $399,750
Loan Amount $1,199,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$159

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
  • $4,538

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2503$4,600
$4,600
RENT COMPS ANALYSIS
  • 755 Puebla St Encinitas, CA 1
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1159 Saxony Rd Encinitas, CA 2
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1980
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.79
    •  
  • 1750 Burgundy Rd Encinitas, CA 3
    • 3 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.03
    •  
PROPERTY LISTING DETAILS
Jeremy Beauvarlet
1.858.260.0014
Redfin Corporation
BESbswy