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154 Woodcrest Pl Santa Cruz, CA 95065

3 Beds 2 Baths 1,502 sqft Built 1964

INVESTimate

$869,000

List Price

$4,110

$3,860 - $4,360

Rent Est.

$934,349  ( +7.52%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1964
  • Price/Sqft : $578.56
  • 2 Days on Market
  • MLS # : ML81806337
  • Updated Date : 08/25/2020 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,502 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Come see this sweet home on a quiet street in a great Eastside neighborhood. This comfortable single level home is welcoming as soon as you open the front door. The large eat-in kitchen has a breakfast bar for quick meals and also has plenty of dining room for your big gatherings. The sliding glass doors open directly to the backyard for gardening, barbecuing or get-togethers. The cozy living room has a gas fireplace and a big picture window. The three bedrooms and two baths provide ample room for you, or for working at home, hobbies or guests. All three bedrooms have cedar flooring in their closets. Windows are dual-pane throughout. Other amenities include a two-car attached garage, a whole house built-in vacuum, and fruit trees in the backyard. Close to nearby schools and in an easy commute location. Please see disclosure package for in-person visit rules.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Santa Cruz is the 6th best city for future job growth (Forbes, 2019)
  • North Central Coast, CA area contributes to 10.2% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Zip Code: 95065

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900kPrice in $335k941k

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

Zip Code: 95065

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
De Laveaga Elementary School Primary Regular 650 28 5
Mission Hill Middle School Middle Regular 641 26 6
Harbor High School High Regular 1,032 42 8

De Laveaga Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 28
5
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
 

$782,100$955,900$869,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

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-$10k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$3,206
Property Tax -$854
Property Insurance -$66
Property Management Fees -$160
CASH FLOW
-$176

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.

$869,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.52%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,035

INVESTMENT

$236,035

Down Payment
$217,250
Rehab Estimate
$5,750
Closing Costs
$13,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,250
Loan Amount $651,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$27,685

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
  • $5,437

    COMP ESTIMATED VALUE
  • $3.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,000
$5,000
RENT COMPS ANALYSIS
  • 154 Woodcrest Pl Santa Cruz, 1
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 128 Carol Ave Santa Cruz, 2
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1951
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.62
    •  
PROPERTY LISTING DETAILS
Laura Grenyo
Coldwell Banker Realty
BESbswy