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$1,099,998

For Sale - Active
2107 Chanticleer Ave, Santa Cruz, CA 95062
3 Beds
2 Baths
1,429 Square Feet
0.15 Acres Lot
Built in 1963
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: Jul 22, 2025 at 10:45AM

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
-$2,181
Cap Rate
3.7%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Property Description


0.15 Acres Lot
Built in 1963
For Sale - Active
1 Units

Nestled in a peaceful neighborhood, this inviting 3-bedroom, 2-bath home, built in 1963, offers 1,429 sq ft of light-filled living space with thoughtful updates. The spacious living room includes a cozy fireplace and large windows framing a pleasant view, creating a warm, welcoming vibe. The kitchen is functional and well-appointed, ideal for cooking and entertaining. Each bedroom offers ample closet space and tranquil views, ensuring restful retreats. The private backyard provides a serene space for relaxing, gardening, or dining outdoors. Located a short walk from Chanticleer County Park, home to LEOs Haven, Santa Cruz Countys first inclusive playground, this home is also close to shops, dining, and beaches. Spend weekends at the Santa Cruz Beach Boardwalk, stroll the historic Wharf for shopping and seafood, or take in the coastal views at Steamer Lane, a world-famous surf spot. Nature lovers will enjoy nearby hiking and biking trails, including those at Henry Cowell Redwoods State Park. This home is in the Live Oak School District, including Live Oak Elementary, Shoreline Middle School, and Harbor High. Live Oak Elementary is a California Distinguished School, reflecting its commitment to excellence and community.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • Fireplace: Yes

Exterior Features

  • Foundation: Other

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 02904121
  • Lot Size: 6665 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1963

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Other
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Santa Cruz

Listing Details


Listed by:
Julie Stacey
KW Thrive Santa Cruz
(831) 999-0912

Source:
bridgeMLS
MLS#: ML82012137
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
-$2,181
Cap Rate
3.7%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Purchase Details

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Purchase price:
$1,099,998
Amount financed:
-$879,998
Down payment:
$220,000
Closing costs:
$33,000
Rehab costs:
$0
Initial cash invested:
$253,000
Square feet:
1,429
Cost per square foot:
$770
Monthly rent per square foot:
$3.43

Financing Details

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Loan amount:
$879,998
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$5,562
Property tax:
$0
Insurance:
$343
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,905

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,900 $58,800
Vacancy loss: (6%)
6% -$294 -$3,528
Operating income:
$4,606 $55,272

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$343-$4,116
Property management: (8%)
8%-$392-$4,704
Repairs & maintenance: (5%)
5%-$245-$2,940
Capital expenditures: (5%)
5%-$245-$2,940
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,225-$14,700

Cash Flow


Monthly Yearly
Net operating income:
$3,381 $40,572
Mortgage payments:
-$5,562 -$66,744
Cash flow:
$2,181 $26,172