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1430 45th Ave Capitola, CA 95010

3 Beds 2 Baths 1,072 sqft Built 1962

$1,100,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $1,026.12
  • 7 Days on Market
  • MLS # : ML81819557
  • Updated Date : 11/23/2020 at 08:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,072 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Check out this sweet single level home on a corner lot in the sought-after Capitola Jewel Box! It's located just a few short blocks from the beach, Capitola village, and Jade Street Park. It's also a stone's throw from 41st Avenue, Pleasure Point, the Capitola Mall, and everything you love about Santa Cruz. You'll swoon for all the recent updates this home enjoys - with a newer kitchen, flooring, lighting, central forced air heat, and full bathroom, to name a few. The private patio is stunning and features an outdoor kitchen with BBQ, sink, and even a kegerator! It offers the best of California coastal living with a gas fire pit, pavers, wooden deck, and seating for 9-10 people. This is the perfect beach weekend getaway or a year-round residence. The attached garage is perfect for storing bikes, surfboards, beach toys, and whatever else floats your boat. Homes like this are in high demand, so make an appointment to get in to see it soon!

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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 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)
  • Santa Cruz is the 6th best city for future job growth (Forbes, 2019)

PRICE & RENT TRENDS

Zip Code: 95010

ZipNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850kPrice in $296k861k

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

Zip Code: 95010

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
Mission Hill Middle School Middle Regular 641 26 6
Harbor High School High Regular 1,032 42 8
Soquel High School High Regular 1,075 40 7

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

Soquel High School

  • Education Level: High
  • # of students: 1,075
  • # of teachers: 40
7
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$4,059
Property Tax -$1,118
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$2,070

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.

$1,100,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.30%

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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$55

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
  • $3,270

    COMP ESTIMATED VALUE
  • $3.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,750
$3,750
RENT COMPS ANALYSIS
  • 1430 45th Ave Capitola, CA 1
    • 3 beds 2 baths ∙ 1,072 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,072 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4325 Nova Dr Santa Cruz, CA 2
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1955
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.05
    •  
PROPERTY LISTING DETAILS
Seb Frey
Compass
BESbswy