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20100 Old Santa Cruz Hwy Los Gatos, CA 95033

2 Beds 2 Baths 1,176 sqft Built 1943

$1,150,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1943
  • Price/Sqft : $977.89
  • 4 Days on Market
  • MLS # : ML81819982
  • Updated Date : 11/12/2020 at 16:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,176 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Don't miss this well-crafted mountain home that includes 2 bedrooms plus extra loft space, 1.5 Bathrooms plus 200 sf studio with full bathroom in lower level. Also includes garage plus 500 sf mechanics workshop!. Sunny open floor plan with vaulted ceiling, refinished hardwood floors, fresh paint. tile counters, gas range, oak cabinetry. Loft area easily serves as extra bedroom space. Master bedroom has walk-in closet and separate deck. Double pane windows and skylights, sliding door leads to handsome redwood deck overlooking forest and peak views of Lexington. Central heat, comcast internet, Oakmont community water, new driveway, and complete privacy. Garage has extra soundproof room, 220 and air compressor in workshop with rollup doors. Separate studio apartment on lower level has private entrance and deck. Easy commute location, 5 minutes to town, near hiking, biking, kayaking. Excellent Los Gatos Schools: Lexington elem, Fisher middle, Los Gatos High.

SEE MORE

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: 95033

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100kPrice in $335k1148k

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

Zip Code: 95033

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
Loma Prieta Elementary School Primary Regular 300 12 8
Raymond J. Fisher Middle School Middle Regular 1,246 56 10
Los Gatos High School High Regular 1,912 86 10

Loma Prieta Elementary School

  • Education Level: Primary
  • # of students: 300
  • # of teachers: 12
8
GreatSchools Rating

Raymond J. Fisher Middle School

  • Education Level: Middle
  • # of students: 1,246
  • # of teachers: 56
10
GreatSchools Rating

Los Gatos High School

  • Education Level: High
  • # of students: 1,912
  • # of teachers: 86
10
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$4,243
Property Tax -$1,227
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$3,036

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.

$1,150,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.6%
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$4.0M

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $2,152

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,620
$2,620
RENT COMPS ANALYSIS
  • 20100 Old Santa Cruz Hwy Los Gatos, CA 2
    • 2 beds 2 baths ∙ 1,176 Sqft ∙ Built 1943 2 beds 2 baths ∙ 1,176 Sqft ∙ Built 1943
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $2.23
    •  
  • 20333 Hebard Rd Los Gatos, CA 1
    • 2 beds 3 baths ∙ 1,200 Sqft ∙ Built 1960 2 beds 3 baths ∙ 1,200 Sqft ∙ Built 1960
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.83
    •  
PROPERTY LISTING DETAILS
Lisa Sgarlato
Compass
BESbswy