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13422 Warren Ave East Garrison, CA 93933

4 Beds 3 Baths 1,955 sqft Built 2014

$769,000

List Price

$4,020

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $393.35
  • 10 Days on Market
  • MLS # : ML81824364
  • Updated Date : 01/06/2021 at 10:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,955 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

***Home is occupied***These are pre-move in photos.Shows beautifully! Nestled within East garrison and directly across Cordull Hull Park enjoy all the amenities this amazing area has to offer including parks, recreation, picnic and a sense of community!Conveniently positioned near trail heads of the Fort Ord Monument and in close proximity to major highways of 1&101 providing east access to Carmel, Big Sur & the Bay Area,This home welcomes with a foyer & a stately staircase & features ground floor bedrm & full bth.The open floor plan provides a great gathering area which encompasses the kitchen showcasing ample counter & cabinet space,useful island to prepare or eat everyday meals, a spacious living rm & a formal dining space.This area opens to lovely covered patio to enjoy our year-round outdoor friendly weather & a low maintenance rear yard.Upstairs boasts 2 addt'l bedrms & a mstr bedrm suite w/walk in closet.His/hers sinks,soaking tub & stall shower.Amazing home & amazing community!

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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: 93933

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $243k857k

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

Zip Code: 93933

ZipNIR 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
J.c. Crumpton Elementary School Primary Regular 365 17 4
Los Arboles Middle School Middle Regular 620 31 2
Marina High School High Regular 559 31 6

J.c. Crumpton Elementary School

  • Education Level: Primary
  • # of students: 365
  • # of teachers: 17
4
GreatSchools Rating

Los Arboles Middle School

  • Education Level: Middle
  • # of students: 620
  • # of teachers: 31
2
GreatSchools Rating

Marina High School

  • Education Level: High
  • # of students: 559
  • # of teachers: 31
6
GreatSchools Rating
 

$692,100$845,900$769,000

PURCHASE PRICE

$3,618$4,422$4,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,020
EXPENSES Loan Payment -$2,671
Property Tax -$863
Property Insurance -$73
HOA -$125
Property Management Fees -$157
CASH FLOW
$131

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.

$769,000

PROJECTED PRICE

$4,020

PROJECTED RENT

0.52%

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 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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,671

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$37,728

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
  • $4,927

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,700
$4,700
RENT COMPS ANALYSIS
  • 13422 Warren Ave East Garrison, CA 1
    • 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16334 E Garrison Dr Marina, CA 2
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2016
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.52
    •  
PROPERTY LISTING DETAILS
Samantha Storelli
Intero Real Estate Services
BESbswy