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126 Wanda Ct Santa Cruz, CA 95065

3 Beds 2 Baths 1,466 sqft Built 1969

$995,900

List Price

$4,220

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $679.33
  • 2 Days on Market
  • MLS # : ML81822388
  • Updated Date : 12/05/2020 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Sweet Prospect Heights 3 bedroom, 2 full bath, 1466+- sq. ft. single level home, situated on a 5480+- sq. ft. lot, which is located on a highly sought after cul-de-sac location, nestled in the Eastside of Santa Cruz's Banana Belt! Large rear yard with a concrete patio, attached 2 car garage, updated thermopane windows and par quay wood flooring, make this home a dream come true. Quick access to Highway 1, going to Santa Cruz or Highway 17, minutes to shopping, amazing Santa Cruz beaches & surfing and within the boundaries of DeLaveaga Elementary and Harbor High Schools. This sun drenched location is also just down the hill from the coveted DeLaveaga Golf Course, nearby hiking trails and a spacious dog park. Homes very seldom come up in this location, so why not call this home!

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MARKET HIGHLIGHTS

  • 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 6th best city for future job growth (Forbes, 2019)
  • 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)

PRICE & RENT TRENDS

Zip Code: 95065

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900kPrice in $335k941k

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

Zip Code: 95065

No Data Available.

* 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
De Laveaga Elementary School Primary Regular 650 28 5
Mission Hill Middle School Middle Regular 641 26 6
Harbor High School High Regular 1,032 42 8

De Laveaga Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 28
5
GreatSchools Rating

Mission Hill Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 26
6
GreatSchools Rating

Harbor High School

  • Education Level: High
  • # of students: 1,032
  • # of teachers: 42
8
GreatSchools Rating
 

$896,310$1,095,490$995,900

PURCHASE PRICE

$3,798$4,642$4,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,220
EXPENSES Loan Payment -$3,674
Property Tax -$979
Property Insurance -$65
Property Management Fees -$165
CASH FLOW
-$663

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.

$995,900

PROJECTED PRICE

$4,220

PROJECTED RENT

0.42%

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 6.00%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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$269,664

INVESTMENT

$269,664

Down Payment
$248,975
Rehab Estimate
$5,750
Closing Costs
$14,939

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,674

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,975
Loan Amount $746,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$8,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,220

    LIST RENT
  • $2.88

    LIST RENT PER SQFT
  • $5,307

    COMP ESTIMATED VALUE
  • $3.62

    COMP AVG. RENT PER SQFT
Comps Range
$4,220
1$4,2202$5,000
$5,000
RENT COMPS ANALYSIS
  • 126 Wanda Ct Santa Cruz, CA 1
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,220
    • $2.88
    •  
  • 128 Carol Ave Santa Cruz, CA 2
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1951
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.62
    •  
PROPERTY LISTING DETAILS
Randall Brown
Coldwell Banker Realty
BESbswy