Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

904 Daisy Ave. Carlsbad, CA 92011

3 Beds 2 Baths 1,766 sqft Built 1978

$995,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $563.42
  • 19 Days on Market
  • MLS # : 210002225
  • Updated Date : 02/09/2021 at 17:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Rare, single level home in the small, well kept community of Spinnaker Hill, located within easy access of the community and close to beaches, shopping, 5 freeway and incredible schools. Exceptionally large lot, 9239 Sq. ft. lot with entertainment/barbeque area, with direct access from home's living room for easy indoor/outdoor living. he home boasts a large drive for parking and extra 2-4 cars outside plus an oversized, 2 car garage attached to home. This is an exceptional value and won't last long!

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: Poinsettia

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k892k

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

Neighborhood: Poinsettia

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200340036003800Rent in $16273922

* 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
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$3,456
Property Tax -$889
Property Insurance -$72
Property Management Fees -$129
CASH FLOW
-$996

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.

$995,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.3%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,858

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
  • $3,744

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5953$3,695
$3,695
RENT COMPS ANALYSIS
  • 904 Daisy Ave. Carlsbad, CA 1
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6867 Shearwaters Drive Carlsbad, CA 2
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 1987
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.15
    •  
  • 6808 Watercourse Dr Carlsbad, CA 3
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1986
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $2.09
    •  
PROPERTY LISTING DETAILS
Benny Landman
1.619.246.5180
Berkshire Hathaway Homeservice
BESbswy