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535 Clubhouse Dr Aptos, CA 95003

3 Beds 2 Baths 1,415 sqft Built 1973

$1,098,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $775.97
  • 2 Days on Market
  • MLS # : ML81823090
  • Updated Date : 12/12/2020 at 17:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,415 sqft
  • Baths : 2 full
Listing Agent

Jacqueline M Heath, Broker

Listing Agent's Description

This open concept floor plan with open beam ceilings gives this property a farmhouse cottage feel. Natural Light from all angles. Established landscaping offers privacy with a serene feeling. Two bedrooms upstairs have skylights and their own balconies (one with slight peak of the ocean), sharing one full bath dripping with charm! Every room has white shiplap ceilings giving a farmhouse clean fresh feeling. Fireplace is cozy with natural stone, electric fireplace which can be enjoyed from kitchen, formal dining and living rooms. One spacious bedroom and full bath on ground level. New floors throughout downstairs with custom trim to finish off this elegant home. This exquisite property is in close proximity to Seascape Golf Course, beaches and wonderful restaurants in the desirable Rio Del Mar area. TURN KEY!

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)
  • 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: 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
 

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$4,051
Property Tax -$1,100
Property Insurance -$64
Property Management Fees -$135
CASH FLOW
-$1,889

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.

$1,098,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$19

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
  • $3,448

    COMP ESTIMATED VALUE
  • $2.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,6004$3,600
$3,600
RENT COMPS ANALYSIS
  • 535 Clubhouse Dr Aptos, CA 1
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 508 Spruce St Aptos, CA 2
    • 3 beds 1 baths ∙ 1,238 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,238 Sqft ∙ Built 1963
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.58
    •  
  • 222 Valencia Ave Aptos, CA 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1978
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.44
    •  
  • 116 San Benito Ave Aptos, CA 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1965
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.29
    •  
PROPERTY LISTING DETAILS
Christy Sanders
Jacqueline M Heath, Broker
BESbswy