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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95060
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,220
LOAN DETAILS
$4,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,500 |
| Loan Amount | $898,500 |
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
-
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
Sereno Group
