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1166 Barbara Ct Seaside, CA 93955

3 Beds 2 Baths 1,376 sqft Built 1976

$678,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $492.73
  • 3 Days on Market
  • MLS # : ML81819307
  • Updated Date : 11/06/2020 at 18:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,376 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Lovely upper Seaside home tucked away on a private culdesac has 3 Bedrooms,Two Bathrooms, Fenced back garden with patio with hot tub. Home has two living areas for privacy. A wall separates a Family room and kitchenette from a three bedroom, living room ,kitchen area. Won't Last Long! Call Mae to book your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kimball

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $203k857k

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

Neighborhood: Kimball

NeighborhoodNIR Market*CityMarket2015Year20132019 Q220002200240026002800300032003400Rent in $18063467

* 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
Del Rey Woods Elementary School Primary Regular 449 21 6
Walter Colton Middle School Middle Regular 724 35 2
Monterey High School High Regular 1,246 60 7

Del Rey Woods Elementary School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 21
6
GreatSchools Rating

Walter Colton Middle School

  • Education Level: Middle
  • # of students: 724
  • # of teachers: 35
2
GreatSchools Rating

Monterey High School

  • Education Level: High
  • # of students: 1,246
  • # of teachers: 60
7
GreatSchools Rating
 

$610,200$745,800$678,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,502
Property Tax -$639
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$369

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$678,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,420

INVESTMENT

$185,420

Down Payment
$169,500
Rehab Estimate
$5,750
Closing Costs
$10,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,502

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,500
Loan Amount $508,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,463

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,960

    LIST RENT
  • $2.15

    LIST RENT PER SQFT
  • $2,958

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$3,150
$3,150
RENT COMPS ANALYSIS
  • 1166 Barbara Ct Seaside, CA 1
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $2.15
    •  
  • 1791 Napa St Seaside, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1958
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.15
    •  
PROPERTY LISTING DETAILS
Mae Anne Lamb
Coldwell Banker Realty
BESbswy