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5043 Winkle Ave Santa Cruz, CA 95065

3 Beds 2 Baths 1,576 sqft Built 1967

$970,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1967
  • Price/Sqft : $615.48
  • 10 Days on Market
  • MLS # : ML81816634
  • Updated Date : 10/29/2020 at 08:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full
Listing Agent

Sereno Group

Listing Agent's Description

Sunny Santa Cruz Gardens! Welcome Home to this charming,1 story spacious Ranch-Style home on an enormous flat, usable 9,650+ sq. ft. lot. Located on a quiet street, this amazing home has been updated with a newly remodeled bathroom, luxury plank flooring, carpet, dazzling lighting, fixtures, hardware and fresh interior paint. Natural light pours through large windows into every room. The inviting living room and master suite both offer large sliding glass doors leading you out into the private yard... a perfect oasis for gardening, entertaining, a pool. Use your imagination as the possibilities are endless! There is an abundance of parking and storage with a 3 car garage, workbench & built-in shelving. Additional RV parking is on left side of home w/double gates to side yard to park an additional vehicle. Community Pool is located nearby. Great mid-county location! Easy access to Hwy 1, Downtown Santa Cruz, Capitola Village, beaches, parks, shopping and dining.

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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 6th best city for future job growth (Forbes, 2019)
  • 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)

PRICE & RENT TRENDS

Zip Code: 95065

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900kPrice in $335k941k

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

Zip Code: 95065

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
 

$873,000$1,067,000$970,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$3,579
Property Tax -$1,032
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$1,017

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.

$970,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$262,800

INVESTMENT

$262,800

Down Payment
$242,500
Rehab Estimate
$5,750
Closing Costs
$14,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $242,500
Loan Amount $727,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,028

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
  • $4,208

    COMP ESTIMATED VALUE
  • $2.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,000
$4,000
RENT COMPS ANALYSIS
  • 5043 Winkle Ave Santa Cruz, CA 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 209 Serrell Ave Santa Cruz, CA 2
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1962
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.67
    •  
PROPERTY LISTING DETAILS
Kathleen Manning
Sereno Group
BESbswy