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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $1,052.54
- 2 Days on Market
- MLS # : ML81823653
- Updated Date : 12/19/2020 at 10:21
CONSTRUCTION
- Beds : 2
- Floor Size : 1,140 sqft
- Baths : 1 full , 1 half
Listing Agent
Century 21 Mm
Listing Agent's Description
Welcome to the Harbor Home! You won't want to miss this immaculate retreat property remodeled from top to bottom with excellent home office space! Large entertainment deck off of living room. Living room ceilings are vaulted and covered in white poplar wood. Fireplace insert works with both gas or wood. Walkable to Arana Gulch, whale watching, deep sea fishing, beaches and more! Chef worthy kitchen has granite counters, custom built-ins, convection oven, cherry wood cabinets & floors. Milgard windows and sliders. Tankless on demand water heater. All yards are manicured perfectly. There are 3 onsite parking spaces and street parking is also available. Custom designed furnishings are negotiable.
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MARKET HIGHLIGHTS
- North Central Coast, CA area contributes to 10.2% of California state economy i.e. Gross State Product (USMayors.org, 2018)
- Santa Cruz is the 6th best city for future job growth (Forbes, 2019)
- North Central Coast, CA area has 62.2% labor force participation rate; within this area, Salinas, CA metro has 62.5% and Santa Cruz-Watsonville, CA metro has 61.8% labor force participation rate (USMayors.org, 2018)
- Santa Cruz is the headquarters to technology companies: Looker.com, Plantronics, FileOpen and major university system - University of California, Santa Cruz (Santa Cruz Economic Development, 2019)
PRICE & RENT TRENDS
Zip Code: 95062
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95062
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,470 |
| EXPENSES | Loan Payment | -$4,427 |
| Property Tax | -$1,267 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$2,416
|
||
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.
$1,199,900
PROJECTED PRICE
$3,470
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$323,724
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,975 |
| Loan Amount | $899,925 |
-0.17
YEARS SAVED
-$100
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
-
$3,984
COMP ESTIMATED VALUE -
$3.5
COMP AVG. RENT PER SQFT
Comps Range
-
1072 7th Ave Santa Cruz, CA 1
- 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1170 Whitewater Cv Santa Cruz, CA 2
- 2 beds 1 baths ∙ 987 Sqft ∙ Built 1982 2 beds 1 baths ∙ 987 Sqft ∙ Built 1982
![property image]()
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,950
- $2.99
-
606 Washington St Santa Cruz, CA 3
- 2 beds 1 baths ∙ 850 Sqft ∙ Built 1974 2 beds 1 baths ∙ 850 Sqft ∙ Built 1974
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $3,400
- $4.00
PROPERTY LISTING DETAILS
Century 21 Mm
