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381 Pebble Beach Dr Aptos, CA 95003

4 Beds 3 Baths 2,315 sqft Built 1965

INVESTimate

$1,279,000

List Price

$4,430

$4,180 - $4,680

Rent Est.

$1,399,738  ( +9.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $552.48
  • 10 Days on Market
  • MLS # : ML81805709
  • Updated Date : 08/23/2020 at 14:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,315 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Mm

Listing Agent's Description

Golf Course View Single Level (almost ...there are a couple steps) remodeled Eichler like style home! The interior courtyard adds lots of light in many of the rooms! Charming front patio and garden area extend entertainment area! Plus you have back yard golf course views and outside dining potential there! Owners say they do not get golf balls on their property. Remodeled kitchen, rock fireplace with gas insert, vaulted wood Living room ceilings, two beautifully remodeled baths with granite, bamboo floors and laminate flooring, newer windows and so much more! From the front you may think there is only a carport. But NO...there is an oversized 2 car garage too! Living room has vaulted ceilings and a built-in floor-to-ceiling modern cabinets. Excellent floorplan! Open Kitchen, Living and Dining. Designed to easily blend all the views and living experiences both inside and outside together! Excellent Neighborhood! Quiet location!

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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)
  • 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)

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
Rio Del Mar Elementary School Primary Regular 574 23 8
Rio Del Mar Elementary School Middle Regular 574 23 8
Aptos High School High Regular 1,417 54 8

Rio Del Mar Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 23
8
GreatSchools Rating

Rio Del Mar Elementary School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 23
8
GreatSchools Rating

Aptos High School

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

$1,151,100$1,406,900$1,279,000

PURCHASE PRICE

$3,987$4,873$4,430

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

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$4,719
Property Tax -$1,281
Property Insurance -$87
Property Management Fees -$173
CASH FLOW
-$1,829

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.

$1,279,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$344,685

INVESTMENT

$344,685

Down Payment
$319,750
Rehab Estimate
$5,750
Closing Costs
$19,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $319,750
Loan Amount $959,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$77

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $4,699

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$4,430
1$4,4302$4,500
$4,500
RENT COMPS ANALYSIS
  • 381 Pebble Beach Dr Aptos, 1
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $1.91
    •  
  • 221 Via Trinita Aptos, 2
    • 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
Judy Brose
Century 21 Mm
BESbswy