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128 Westmoor Ct Santa Cruz, CA 95060

3 Beds 2 Baths 1,615 sqft Built 1980

$1,198,000

List Price

$4,490

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $741.80
  • 11 Days on Market
  • MLS # : ML81813888
  • Updated Date : 11/02/2020 at 18:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,615 sqft
  • Baths : 2 full
Listing Agent

Sereno Group

Listing Agent's Description

Welcome to the Prestigious Upper Westside Westlake Neighborhood! This highly desirable single level 3bd 2ba home has been recently updated with new flooring throughout, stainless steel appliances, quartz countertops, fresh paint, and modern light fixtures. Situated at the top of the Cul-de-Sac in a safe and well-established neighborhood within walking distance to Westlake Park, Westlake Elementary, and just minutes away from UCSC, Wilder State Park, Pogonip hiking trails, and the beach! Enjoy outdoor living in the spacious backyard on the pristine grass under the beautiful maple tree or host a family BBQ on the expansive patio deck- perfect for entertaining. Cozy up by the fireplace in the enormous living room which communicates with the dining area making it perfect for family gatherings or, socialize in the centrally located kitchen with a lovely breakfast nook which can also be used as an additional family room or study. Home Sweet Home awaits you!

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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: 95060

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900k950k1000kPrice in $335k1002k

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

Zip Code: 95060

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
Westlake Elementary School Primary Regular 630 23 7
Mission Hill Middle School Middle Regular 641 26 6
Harbor High School High Regular 1,032 42 8

Westlake Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 23
7
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
 

$1,078,200$1,317,800$1,198,000

PURCHASE PRICE

$4,041$4,939$4,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,490
EXPENSES Loan Payment -$4,420
Property Tax -$1,177
Property Insurance -$69
Property Management Fees -$175
CASH FLOW
-$1,351

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.

$1,198,000

PROJECTED PRICE

$4,490

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,220

INVESTMENT

$323,220

Down Payment
$299,500
Rehab Estimate
$5,750
Closing Costs
$17,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,500
Loan Amount $898,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$738

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
  • $5,588

    COMP ESTIMATED VALUE
  • $3.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,600
$4,600
RENT COMPS ANALYSIS
  • 128 Westmoor Ct Santa Cruz, CA 1
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 127 Laguna St Santa Cruz, CA 2
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1960
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.46
    •  
PROPERTY LISTING DETAILS
Turiya Blanchette
Sereno Group
BESbswy