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1847 Mount Vista Ct Santa Cruz, CA 95065

5 Beds 4 Baths 2,855 sqft Built 1996

$1,597,000

List Price

$4,820

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $559.37
  • 7 Days on Market
  • MLS # : ML81821635
  • Updated Date : 12/01/2020 at 14:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,855 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty World Dominion

Listing Agent's Description

Beautiful home with perfect flow between indoor comfort, radiant flooring, and beautiful outdoors. Set in a quiet cul-de-sac location with magnificent ocean views from Pleasure Point to Monterey bay. Just a few minutes drive to the beach. This unique home is filled with custom-crafted features throughout, an easy fit for the most discriminate buyer.

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
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
 

$1,437,300$1,756,700$1,597,000

PURCHASE PRICE

$4,338$5,302$4,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,820
EXPENSES Loan Payment -$5,892
Property Tax -$1,746
Property Insurance -$100
HOA -$30
Property Management Fees -$188
CASH FLOW
-$3,136

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.

$1,597,000

PROJECTED PRICE

$4,820

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$428,955

INVESTMENT

$428,955

Down Payment
$399,250
Rehab Estimate
$5,750
Closing Costs
$23,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,892

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $399,250
Loan Amount $1,197,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$124

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,820

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$4,820
1$4,820
$4,820
RENT COMPS ANALYSIS
  • 1847 Mount Vista Ct Santa Cruz, CA
    • 5 beds 4 baths ∙ 2,855 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,855 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,820
    • $1.69
    •  
PROPERTY LISTING DETAILS
Gabriel Ramirez-perez
Realty World Dominion
BESbswy