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3360 Samuel Pl Santa Cruz, CA 95062

4 Beds 2 Baths 1,803 sqft Built 1999

$1,189,000

List Price

$5,250

$5K - $5.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $659.46
  • 11 Days on Market
  • MLS # : ML81822108
  • Updated Date : 12/11/2020 at 15:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to 3360 Samuel Place!. This wonderful 4 bedroom, 2 bath, 1803 sq.ft. home is located on a charming cul-de-sac minutes to Pleasure Point, shopping and restaurants. Family room/kitchen with granite countertops, custom Monterey Cypress wood bar,. opening to a sunny landscaped backyard with large brick pavers, patio and hot tub!, ideal for outdoor entertaining. Spacious Master suite with tiled bathroom shower and tub, and walk-in-closet. Don't miss this light, bright and comfortable home!

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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: 95062

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900kPrice in $335k941k

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

Zip Code: 95062

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
Cypress Charter High School High Charter 152 10 6

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

Cypress Charter High School

  • Education Level: High
  • # of students: 152
  • # of teachers: 10
6
GreatSchools Rating
 

$1,070,100$1,307,900$1,189,000

PURCHASE PRICE

$4,725$5,775$5,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,250
EXPENSES Loan Payment -$4,387
Property Tax -$1,255
Property Insurance -$73
Property Management Fees -$205
CASH FLOW
-$670

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.

$1,189,000

PROJECTED PRICE

$5,250

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,835

INVESTMENT

$320,835

Down Payment
$297,250
Rehab Estimate
$5,750
Closing Costs
$17,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,387

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,250
Loan Amount $891,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$14,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,250

    LIST RENT
  • $2.91

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$5,250
1$5,250
$5,250
RENT COMPS ANALYSIS
  • 3360 Samuel Pl Santa Cruz, CA
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.91
    •  
PROPERTY LISTING DETAILS
Gabrielle Coppel
Coldwell Banker Realty
BESbswy