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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 93933
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$209,535
LOAN DETAILS
$2,671
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $192,250 |
| Loan Amount | $576,750 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,927
COMP ESTIMATED VALUE -
$2.52
COMP AVG. RENT PER SQFT
Comps Range
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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
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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
Intero Real Estate Services
