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4403 Esta Ln Soquel, CA 95073

4 Beds 3 Baths 2,685 sqft Built 1990

INVESTimate

$1,275,000

List Price

$4,190

$3,940 - $4,440

Rent Est.

$1,379,678  ( +8.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $474.86
  • 8 Days on Market
  • MLS # : ML81806834
  • Updated Date : 08/20/2020 at 09:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,685 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sereno Group

Listing Agent's Description

Fabulous 4 bedroom home located in the Soquel Village Estates, It's just a simple stroll to both Soquel and Capitola Villages, Schools, Restaurants, and Beaches. This gorgeous home offers an abundance of space for entertaining both inside and out. Once you walk thru the front door you won't want to leave. The spacious floor plan boasts a grand entry with a beautiful staircase and custom lighting. The large kitchen features stainless appliances, movable island, nook, and french doors. A separate dining room with builtin shelving will make you want to host every holiday event. Relax in the living room in front of 1 of the homes 3 fireplaces. The separate family room has a custom-built koa wood bar, french doors, and enough space to accommodate any television size. Large inside laundry room,4 large bedrooms one a grand Master suite that features a marble fireplace, walk-in closet, large jetted tub, and 2 separate vanity sinks. If you enjoy elegance and comfort this is the home for you!

SEE MORE

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: 95073

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900kPrice in $335k918k

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

Zip Code: 95073

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
Soquel High School High Regular 1,075 40 7

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

Soquel High School

  • Education Level: High
  • # of students: 1,075
  • # of teachers: 40
7
GreatSchools Rating
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,771$4,609$4,190

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-$45k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$4,704
Property Tax -$1,375
Property Insurance -$96
HOA -$225
Property Management Fees -$163
CASH FLOW
-$2,374

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.

$1,275,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.21%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$84

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
  • $4,484

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,500
$4,500
RENT COMPS ANALYSIS
  • 4403 Esta Ln Soquel, 1
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3523 Deanes Ln Capitola, 2
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1989
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.67
    •  
PROPERTY LISTING DETAILS
Marilyn Clarke
Sereno Group
BESbswy