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1640 Calypso Dr Aptos, CA 95003

4 Beds 3 Baths 2,647 sqft Built 1988

$1,795,000

List Price

$4,580

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $678.13
  • 3 Days on Market
  • MLS # : ML81821574
  • Updated Date : 11/28/2020 at 14:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 2 full , 1 half
Listing Agent

Thunderbird Real Estate

Listing Agent's Description

Gorgeous Seascape home! A block & a half from the beach path, this home has been beautifully remodeled. It has custom Cherrywood cabinets & quartz counter tops in the kitchen, bathrooms, dining room, & laundry room, stainless steel appliances, glass tile back splashes, ceramic tile floors & hardwood floors throughout most of home, Milgard double pane windows throughout, a ground floor master bedroom, vaulted ceilings, skylights, ceiling fans, recessed lighting & upgraded light fixtures, updated window treatments throughout, dual system whole house water treatment system, a gas water heater with a circulation pump, brand new exterior paint, wrought iron railings, Calstone pavers, Trex decking, professionally designed landscaping, a fully automated drip irrigation system, a hot tub, a fire pit, an outdoor shower, & so much more! Plus, it is close to the fitness club, tennis, swimming pools, & the golf course & it is in the highly rater Rio Del Mar Elementary School district!

SEE MORE

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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 95003

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $335k959k

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

Zip Code: 95003

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
Rio Del Mar Elementary School Primary Regular 574 23 8
Rio Del Mar Elementary School Middle Regular 574 23 8
Aptos High School High Regular 1,417 54 8

Rio Del Mar Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 23
8
GreatSchools Rating

Rio Del Mar Elementary School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 23
8
GreatSchools Rating

Aptos High School

  • Education Level: High
  • # of students: 1,417
  • # of teachers: 54
8
GreatSchools Rating
 

$1,615,500$1,974,500$1,795,000

PURCHASE PRICE

$4,122$5,038$4,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$6,623
Property Tax -$1,815
Property Insurance -$95
Property Management Fees -$179
CASH FLOW
-$4,131

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.

$1,795,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.4%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$481,425

INVESTMENT

$481,425

Down Payment
$448,750
Rehab Estimate
$5,750
Closing Costs
$26,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $448,750
Loan Amount $1,346,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$290

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
  • $5,029

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,500
$5,500
RENT COMPS ANALYSIS
  • 1640 Calypso Dr Aptos, CA 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 350 Kingsbury Dr Aptos, CA 2
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2006
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.90
    •  
PROPERTY LISTING DETAILS
Juliette Goetz
Thunderbird Real Estate
BESbswy