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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encinitas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$429,485
LOAN DETAILS
$5,554
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $399,750 |
| Loan Amount | $1,199,250 |
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
-
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
1.858.260.0014
Redfin Corporation
