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776 Seacliff Dr Aptos, CA 95003

2 Beds 1 Baths 1,133 sqft Built 1961

$849,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $749.34
  • 5 Days on Market
  • MLS # : ML81820568
  • Updated Date : 11/19/2020 at 09:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,133 sqft
  • Baths : 1 full
Listing Agent

Anderson Christie, Inc.

Listing Agent's Description

Charming Seacliff bungalow conveniently located just a few blocks from the beach on an expansive corner lot. Tastefully modernized, while retaining its vintage charm, there are new floors throughout, vaulted open beam ceilings and walls of dual pane windows to let in the natural light Two spacious bedrooms, updated kitchen with stainless steel appliances. Great indoor / outdoor living with decks in the front and back yard, the perfect spots for morning coffee and evening refreshments. The converted garage offers a myriad of possibilities for home office, studio, workshop or to store your beach toys. This home has so much to offer and is a must see!

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: 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
Mar Vista Elementary School Primary Regular 455 18 5
Aptos Junior High School Middle Regular 721 23 6
Aptos High School High Regular 1,417 54 8

Mar Vista Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 18
5
GreatSchools Rating

Aptos Junior High School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 23
6
GreatSchools Rating

Aptos High School

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

$764,100$933,900$849,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$3,132
Property Tax -$853
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$1,021

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.

$849,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$285

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
  • $3,002

    COMP ESTIMATED VALUE
  • $2.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,495
$3,495
RENT COMPS ANALYSIS
  • 776 Seacliff Dr Aptos, CA 1
    • 2 beds 1 baths ∙ 1,133 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,133 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 771 Seacliff Dr Aptos, CA 2
    • 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1975
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.68
    •  
  • 3090 Paseo Del Sol Soquel, CA 3
    • 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 1966
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.62
    •  
PROPERTY LISTING DETAILS
Marvin Christie
Anderson Christie, Inc.
BESbswy