|
Spreadsheet showing return on investment based
on estimated rental potential of the property
| Investment Analysis Estimates |
Full Purchase
$12,900,000 |
Half Purchase
$6,450,000 |
| Purchase Price |
$12,900,000 |
$6,450,000 |
| Monthly Income (yearly average) |
$70,000 |
$35,000 |
| Occupancy % (yearly average) |
75% |
75% |
| Total Annual Rent |
$630,000 |
$315,000 |
| Rental Management Fees (20%) |
$126,000 |
$63,000 |
| Property Taxes |
$141,900 |
$70,950 |
| Insurance, Utilities, Other Expenses |
$70,000 |
$35,000 |
| Net Cash Flow |
$292,100 |
$146,050 |
| Tax Rate (30% Federal + 9.3% State) |
36.0% |
36.0% |
| Tax Refund from Depreciation |
$101,324 |
$50,662 |
| After Tax Cash Flow |
$393,424 |
$196,712 |
| After Tax Cash on Cash % |
3.0% |
3.0% |
| Appreciation Benefit @ 5% |
$645,000 |
$322,500 |
| Total Annual Net Benefit |
$1,038,424 |
$519,212 |
| Total Annual Cash on Cash % |
8.0% |
8.0% |
* 5% estimated appreciation we feel is a conservative figure, we believe
coastal California properties have appreciated at annual rate of about 8%
since 1970. Calculations and estimates above are for informational purposes
only, and should not be relied upon as a sole source. Consult your own
real estate tax and legal sources.
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Comparison of Santa Barbara Beach Club
to other local oceanfront properties for sale
| Address |
Price |
Est. Mo. Rent Potential
(@ 75% occ.) |
Bed
rooms |
Baths |
Est. Home Size (in rough SF) |
Lot Size
(in acres) |
Year Built |
Condition |
Ocean View |
Beach Access |
Location Impacts |
| SANTA BARBARA BEACH CLUB |
| 5277 Austin Road |
$12,900,000 |
$70,000 |
5 |
6.5 |
7000 +/- |
0.91 |
2008 |
New Construction |
Panoramic |
Stair access within 50 yards |
Private, secluded, quiet, low-use beach |
| COMPETING OCEANFRONT PROPERTIES FOR SALE |
| 1813 Fernald Point Lane |
$9,100,000 |
$30,000 |
3 |
4 |
3000 +/- |
0.16 |
1977 |
Good |
Straight Out |
On the sand |
High-use beach, near tracks |
| 685 Sand Point Road |
$9,500,000 |
$20,000 |
3 |
4 |
4000 +/- |
3.03 |
1970's |
Fair
(tear-down?
dated floorplan) |
Straight Out |
On the sand |
Moderate-use beach |
| 10 Via Del Mar |
$9,750,000 |
$25,000 |
3 |
4.5 |
4254 +/- |
P.U.D. |
1999 |
Excellent |
Straight Out
Coastline |
150 yards flat |
Quiet, Gated Community |
| 3445 Padaro Lane |
$9,950,000 |
$25,000 |
5 |
4 |
3000 +/- |
0.55 |
1979 |
Good |
Straight Out |
On the sand |
Moderate-use beach, near tracks |
| 869 Sand Point Lane |
$10,900,000 |
$30,000 |
6 |
6 |
5500 +/- |
P.U.D. |
1996 |
Good |
Straight Out |
On the sand |
Part of association, shared wall |
| 1130 Channel Drive |
$11,500,000 |
$20,000 |
4 |
3 |
2000 +/- |
0.33 |
1968 |
Good |
Straight Out |
Access direclty across street |
Road traffic, high-use beach |
| 2375 Finney Street |
$11,500,000 |
$15,000 |
4 |
4.5 |
3000 +/- |
1.41 |
1970's |
Good |
Straight Out |
Blufftop access to beach |
Near tracks |
| 1631 Posilipo Lane |
$15,500,000 |
$25,000 |
5 |
4.5 |
3500 +/- |
0.51 |
1970's |
Good |
Straight Out |
On the sand |
Near tracks,
high-use beach |
| 3246 Beach Club Road |
$23,000,000 |
$25,000 |
4 |
4 |
3000 +/- |
1.1 |
1959 |
Fair
(tear-down?
dated floorplan) |
Straight Out
Coastline |
On the sand |
Moderate-use beach |
| 1603 Posilipo Lane |
$24,000,000 |
$40,000 |
3 |
4.5 |
4000 +/- |
0.4 |
1988 |
Excellent |
Straight Out |
On the sand |
Near tracks,
high-use beach |
| 3265 Padaro Lane |
$24,000,000 |
$40,000 |
5 |
6.5 |
6000 +/- |
1 |
1980's |
Good |
Straight Out
Coastline |
On the sand |
Moderate-use beach |
| 1127 Hill Road |
$24,500,000 |
$65,000 |
5 |
5 |
5000 +/- |
1 |
2008 |
New Construction
(mostly) |
Straight Out |
2 blocks away |
Near tracks,
2 blocks to beach |
| 591 Sand Point Road |
$27,500,000 |
$65,000 |
5 |
6.5 |
7000 +/- |
2.2 |
2003 |
Excellent |
Straight Out
Coastline |
On the sand |
Private by end of road |
| 1801 Fernald Point Lane |
$29,950,000 |
$75,000 |
4 |
8 |
9000 +/- |
0.65 |
1957 |
Excellent |
Straight Out
Coastline |
On the sand |
High-use beach, near tracks |
| 3389 Padaro Lane |
$29,950,000 |
$80,000 |
6 |
4 |
6000 +/- |
1.7 |
1970's |
Excellent |
Straight Out
Coastline |
On the sand |
Moderate-use beach |
| 1169 Hill Road |
$32,800,000 |
$65,000 |
4 |
4 |
5000 +/- |
2 |
2005 |
Excellent |
Straight Out |
Across included lot, across street |
Near tracks,
1 block to beach |
| 3443 Padaro Lane |
$37,500,000 |
$80,000 |
5 |
7 |
7000 +/- |
1.13 |
2008 |
Complete Remodel |
Straight Out
Coastline |
On the sand |
Moderate-use beach |
| 1461-1463 Edgecliff |
$43,000,000 |
$100,000 |
8 |
10 |
7000 +/- |
0.86 |
1993 |
Excellent |
Straight Out
Coastline |
On the sand |
High-use beach |
* Property comparison data is based on information available to us, and
estimates when information is not published. It is not guaranteed.
The data should be considered for rough comparison purposes only.
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