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$825,000

Sale Pending
101 Shell Rd Unit 170, Watsonville, CA 95076
2 Beds
2 Baths
1,052 Square Feet
0.00 Acres Lot
Built in 1974
Sale Pending
1 Units
Checked: 1 hour ago
Updated: Sep 09, 2025 at 10:19AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,601
Cap Rate
2.3%
Cash-on-Cash Return
-16.4%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-11.9%

Property Description


0.00 Acres Lot
Built in 1974
Sale Pending
1 Units

Your beachfront escape at Pajaro Dunes! Pop inside to find an open, professionally updated kitchen with a spacious island and custom built cabinetry, perfect for entertaining or enjoying tranquility by the sea. This unit has no stairs, thus easily accessible when carrying luggage or groceries. The living room boasts huge windows bursting with natural light, a cozy fireplace, and the soothing sound of ocean waves. Just outside, a sunny patio sits on the sand with dunes views for wildlife viewing, providing a front-row seat to coastal living. Located within the gated Shorebirds community, this beachfront condo offers world-class birdwatching, scenic walking trails, and direct access to pristine beaches. This home has not been a vacation rental, yet it may be rented without the bother of any special permits. Pajaro Dunes has services from on-site rental companies, or you can manage it yourself. Shorebirds 170 offers you options!

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Location


Property Details


Parking

  • Details: Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $2,531/quarterly
  • Additional Association: Pajaro Dunes North/Shorebirds

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 05245502
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary
  • Year Built: 1974

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Baseboard
  • Cooling: None

Location

  • County: Santa Cruz

Listing Details


Listed by:
Janet Russell Keller
David Lyng Real Estate
(831) 588-9719

Source:
bridgeMLS
MLS#: ML82007449
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,601
Cap Rate
2.3%
Cash-on-Cash Return
-16.4%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-11.9%

Purchase Details

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Purchase price:
$825,000
Amount financed:
-$660,000
Down payment:
$165,000
Closing costs:
$24,750
Rehab costs:
$0
Initial cash invested:
$189,750
Square feet:
1,052
Cost per square foot:
$784
Monthly rent per square foot:
$3.33

Financing Details

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Loan amount:
$660,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$4,172
Property tax:
$0
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,417

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (24%)
24%-$844-$10,128
Total operating expenses: (49%)
49%-$1,719-$20,628

Cash Flow


Monthly Yearly
Net operating income:
$1,571 $18,852
Mortgage payments:
-$4,172 -$50,064
Cash flow:
-$2,601 -$31,212