Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1205 Earnest St Hercules, CA 94547

4 Beds 3 Baths 2,652 sqft Built 2003

$849,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $320.14
  • 4 Days on Market
  • MLS # : MR40932841
  • Updated Date : 01/14/2021 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,652 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Infiniti Group

Listing Agent's Description

Discover this ELEGANT home in the Promenade by the San Pablo Bay in the beautiful master-planned Waterfront Community. Future home of the Transportation Center. Spacious 2-Car Detached garage. New interior painted 4 Bedrooms, 2.5 baths. Hardwood and tile flooring, fireplace in Family Room. Hot tub and BBQ with mini fridge in the backyard to enjoy the weekend with the family. Convenient location close by Highway 4 & 80 for your daily commuting! Gas station and Safeway (coming soon) right off the freeway! You won't be disappointed!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Waterfront

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: The Waterfront

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Ohlone Elementary School Primary Regular 344 14 6
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Ohlone Elementary School

  • Education Level: Primary
  • # of students: 344
  • # of teachers: 14
6
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

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

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,949
Property Tax -$969
Property Insurance -$91
HOA -$15
Property Management Fees -$170
CASH FLOW
-$724

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.

$849,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,940

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
  • $3,467

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,5004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1205 Earnest St Hercules, CA 1
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1256 Promenade St Hercules, CA 2
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.26
    •  
  • 115 Driftwood Cv Hercules, CA 3
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 1226 Earnest St Hercules, CA 4
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
  • 1183 Promenade St Hercules, CA 5
    • 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2003
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Jimmy Lam
Coldwell Banker Infiniti Group
BESbswy