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922 Begonia Ct Carlsbad, CA 92011

3 Beds 2 Baths 1,766 sqft Built 1978

$949,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $537.37
  • 2 Days on Market
  • MLS # : 200051687
  • Updated Date : 11/14/2020 at 19:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker West

Listing Agent's Description

Nestled on a quiet cul-d-sac in the desirable Spinnaker Hill area 2 miles from the beach! Single level home with oversized RV parking! Updated throughout including tile roof, a/c & heat, low maintenance vinyl plank floors, remodeled bathrooms, skylights & dual pane windows, and brand new oven & microwave! Double door entry welcomes you to this light and bright living room w/updated tile fireplace. West facing back yard with keystone retaining wall to the north alongside the paved and fenced RV parking.

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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,501
Property Tax -$848
Property Insurance -$72
Property Management Fees -$129
CASH FLOW
-$860

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.

$949,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$19,527

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
  • $3,695

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,5954$3,6505$3,695
$3,695
RENT COMPS ANALYSIS
  • 922 Begonia Ct 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
    •  
  • 7033 Surfbird Circle Carlsbad, CA 2
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1997
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.99
    •  
  • 6867 Shearwaters Drive Carlsbad, CA 3
    • 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
    •  
  • 7065 Surfbird Circle Carlsbad, CA 4
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1998
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.14
    •  
  • 6808 Watercourse Dr Carlsbad, CA 5
    • 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
Jeannine Savory
1.619.800.0289
Coldwell Banker West
BESbswy