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309 Estrella Ave La Selva Beach, CA 95076

4 Beds 3 Baths 1,881 sqft Built 1964

INVESTimate

$1,399,000

List Price

$3,890

$3,640 - $4,140

Rent Est.

$1,515,397  ( +8.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $743.75
  • 5 Days on Market
  • MLS # : ML81798609
  • Updated Date : 08/25/2020 at 20:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,881 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Sandcastle Realty

Listing Agent's Description

La Selva Beach Village; Home and guest cottage,ocean views, only 1.5 blocks to the private gated beach. Four bedroom, 2.5 bath home, walls done in Venetian plaster,freshly painted,updated floors& new windows. Guest cottage is fenced and very private with bath & lovely hot tub on patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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: 95076

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $259k1182k

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

Zip Code: 95076

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
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$3,501$4,279$3,890

RENT

DOWN PAYMENT
FINANCING

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$4.5M

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$4.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,890
EXPENSES Loan Payment -$5,162
Property Tax -$1,300
Property Insurance -$75
Property Management Fees -$152
CASH FLOW
-$2,799

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.

$1,399,000

PROJECTED PRICE

$3,890

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.32%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$108

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
  • $3,894

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,500
$4,500
RENT COMPS ANALYSIS
  • 309 Estrella Ave La Selva Beach, 1
    • 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18 Marea Ave La Selva Beach, 2
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1964
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.11
    •  
  • 221 Via Trinita Aptos, 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1978
    LEASED 05/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.03
    •  
PROPERTY LISTING DETAILS
Marcie Mckearn
Century 21 Sandcastle Realty
BESbswy