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904 Grivetta Carlsbad, CA 92011

3 Beds 3 Baths 2,485 sqft Built 1999

$1,160,000

List Price

$4,710

$4.5K - $5K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $466.80
  • 5 Days on Market
  • MLS # : 200054797
  • Updated Date : 12/30/2020 at 23:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,485 sqft
  • Baths : 2 full , 1 half
Listing Agent

Renovation Realty

Listing Agent's Description

Location, Location! South After Azure Cove in Aviara, walk to Batiquitos Lagoon and trails, short walk to Ponto Beach. Lives like a One Story home, all bedrooms down & baths with the Loft Upstairs. Nicely cared for and upgraded Close to Award Winning Schools, Pacific Rim Elementary, Aviara Oaks Middle School., Close Groceries Stores, Restaurants I-5 and The Outlet Stores.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
 

$1,044,000$1,276,000$1,160,000

PURCHASE PRICE

$4,239$5,181$4,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,710
EXPENSES Loan Payment -$4,280
Property Tax -$1,037
Property Insurance -$90
HOA -$118
Property Management Fees -$129
CASH FLOW
-$943

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.

$1,160,000

PROJECTED PRICE

$4,710

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

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$313,150

INVESTMENT

$313,150

Down Payment
$290,000
Rehab Estimate
$5,750
Closing Costs
$17,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $290,000
Loan Amount $870,000
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$30,159

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
  • $5,473

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,8503$5,0004$5,0505$5,500
$5,500
RENT COMPS ANALYSIS
  • 904 Grivetta Carlsbad, CA 1
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7104 Whitewater St Carlsbad, CA 2
    • 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2002
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.26
    •  
  • 6921 Catamaran Drive Carlsbad, CA 3
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2002
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.11
    •  
  • 640 Sand Shell Ave Carlsbad, CA 4
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2003
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,050
    • $2.13
    •  
  • 624 Sand Shell Avenue Carlsbad, CA 5
    • 3 beds 3 baths ∙ 2,385 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,385 Sqft ∙ Built 2003
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.31
    •  
PROPERTY LISTING DETAILS
Mirna Orellana
1.760.519.6643
Renovation Realty
BESbswy