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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $776.57
- 2 Days on Market
- MLS # : ML81820359
- Updated Date : 11/28/2020 at 17:10
CONSTRUCTION
- Beds : 2
- Floor Size : 1,016 sqft
- Baths : 1 full
Listing Agent
Bailey Properties
Listing Agent's Description
This quintessential Santa Cruz bungalow oozes a charm and character not captured in the current photos! It is Perfect. An ideal location that makes a commute easy. Perfect. Walk or ride to toes-in-the-sand-beach, you are just minutes to all the magic that is Santa Cruz. Sun-drenched space inside and out - the home is warm and inviting with upgrades you will want to experience. Fenced, generously sized, front and back yards just waiting to be transformed or simply enjoyed. Updated finishes, remodeled kitchen and bathroom, dual pane windows, indoor laundry room, tankless water heater, additional garage storage A N D partially converted garage, i m a g i n e ... do you work from home, are you an artist needing a studio, need a gym, an extra bedroom and bathroom? Perfect! This an easy decision! Call 211 Market Street home and enjoy six weekly deliveries of local craft coffee, roasted to order by Riverview Coffee Roasters. P L E A S E check back for updated photographs.
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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: 95060
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95060
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$2,911 |
| Property Tax | -$775 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$619
|
||
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.
$789,000
PROJECTED PRICE
$3,250
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$214,835
LOAN DETAILS
$2,911
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $197,250 |
| Loan Amount | $591,750 |
1
YEARS SAVED
$4,091
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
-
$3,551
COMP ESTIMATED VALUE -
$3.5
COMP AVG. RENT PER SQFT
Comps Range
-
211 Market St Santa Cruz, CA 1
- 2 beds 1 baths ∙ 1,016 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,016 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1170 Whitewater Cv Santa Cruz, CA 2
- 2 beds 1 baths ∙ 987 Sqft ∙ Built 1982 2 beds 1 baths ∙ 987 Sqft ∙ Built 1982
![property image]()
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,950
- $2.99
-
606 Washington St Santa Cruz, CA 3
- 2 beds 1 baths ∙ 850 Sqft ∙ Built 1974 2 beds 1 baths ∙ 850 Sqft ∙ Built 1974
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $3,400
- $4.00
PROPERTY LISTING DETAILS
Bailey Properties
