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210 Alta Verdi Dr Aptos, CA 95003

3 Beds 2 Baths 1,827 sqft Built 1979

$1,200,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $656.81
  • 5 Days on Market
  • MLS # : ML81822744
  • Updated Date : 12/11/2020 at 06:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Celebrate 2021 in your new Aptos hills home! Move in ready, single-story, 3 bd 2 ba offers privacy & park-like setting on 2.5+ acres. One mile from the vibrant Aptos Village, close to Nisene Marks and local beaches. Hardwood floors & wood ceilings grace kitchen, dining and family rms and sliders provide easy transition to outdoor living. Separate, intimate living rm with open beam ceiling invites you to "cozy up" near the fireplace or design your ideal office & zoom space. Generous sized bdrms with small deck off main bdrm. An oversized bdrm has xtra space for sitting rm, play rm, or learning center. Remodeled kitchen offers granite countertops, soft close features and a skylight streaming natural light. New interior paint and carpet. Access the 2-car garage via the breezeway. Explore the possibilities at this idyllic property. Consider an ADU, design gardens, plant an orchard or simply enjoy its natural beauty. Live, love, learn, work & play at this special wonderland!

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

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
Valencia Elementary School Primary Regular 539 20 6
Aptos Junior High School Middle Regular 721 23 6
Aptos High School High Regular 1,417 54 8

Valencia Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 20
6
GreatSchools Rating

Aptos Junior High School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 23
6
GreatSchools Rating

Aptos High School

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

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$4,427
Property Tax -$1,131
Property Insurance -$74
Property Management Fees -$143
CASH FLOW
-$2,105

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.

$1,200,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.31%

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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$29

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
  • $4,202

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4503$3,6004$3,600
$3,600
RENT COMPS ANALYSIS
  • 210 Alta Verdi Dr Aptos, CA 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 324 Coates Dr Aptos, CA 2
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.17
    •  
  • 222 Valencia Ave Aptos, CA 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1978
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.44
    •  
  • 116 San Benito Ave Aptos, CA 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1965
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.29
    •  
PROPERTY LISTING DETAILS
Holly Alexander
Exp Realty Of California Inc.
BESbswy