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1056 Via Palma San Lorenzo, CA 94580

3 Beds 2 Baths 1,620 sqft Built 1949

$778,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $480.25
  • 5 Days on Market
  • MLS # : BE40930357
  • Updated Date : 11/25/2020 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Village Properties & Assoc.

Listing Agent's Description

Pride of Ownership Abounds in This Charming San Lorenzo Village Bungalow. This Spacious Three Bedroom, Two Full Bath, One Car Garage Boasts 1620 Sqft of Living Space and is Situated on a 5610 Sqft Lot. Features Include a Light and Airy Living Room w/Stone, Wood Burning Fireplace, Adjacent is a Spacious Formal Dining Area Perfect for Family Gatherings, Great Size Eat In Kitchen w/Ample Cabinetry & Counter Space Opens to the Cozy Family Room, the Perfect Heart to Any Home, a Wood Burning Insert and Brick Surround Complete the Space, Over Sized Bedrooms with Large Closets, Third Bedroom Features Full Bath and Access to the Family Room/Kitchen, Fresh Paint Throughout Entire Home, New Laminate Flooring, Enclosed Patio, Large Storage Shed and an Irrigational Well Only Add the the Appeal of the Home. Close to Shopping, Schools and Transportation. This Home is Not to Be Missed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1024k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: San Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Del Rey Elementary School Primary Regular 524 23 2
Bohannon Middle School Middle Regular 842 39 3
Arroyo High School High Regular 1,784 78 7

Del Rey Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 23
2
GreatSchools Rating

Bohannon Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 39
3
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 78
7
GreatSchools Rating
 

$700,200$855,800$778,000

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 -$2,870
Property Tax -$870
Property Insurance -$66
HOA -$125
Property Management Fees -$154
CASH FLOW
-$936

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$778,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$211,920

INVESTMENT

$211,920

Down Payment
$194,500
Rehab Estimate
$5,750
Closing Costs
$11,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,500
Loan Amount $583,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,870

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
  • $3,353

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,0004$3,1005$3,250
$3,250
RENT COMPS ANALYSIS
  • 1056 Via Palma San Lorenzo, CA 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17404 Via Carmen San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1957
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.15
    •  
  • 17127 Via Flores San Lorenzo, CA 3
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1947
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
  • 1651 Via Chorro San Lorenzo, CA 4
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
  • Via Represa San Lorenzo, CA 5
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.01
    •  
PROPERTY LISTING DETAILS
Jessica Medina
Village Properties & Assoc.
BESbswy