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1466 Ridgewood Rd Pleasanton, CA 94566

3 Beds 2 Baths 1,377 sqft Built 1965

INVESTimate

$985,000

List Price

$3,350

$3,100 - $3,600

Rent Est.

$1,064,687  ( +8.09%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $715.32
  • 5 Days on Market
  • MLS # : BE40917907
  • Updated Date : 08/25/2020 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,377 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

You Don't Want To Miss This Beautiful Pleasanton Home! Featuring 3 Bedrooms, 2 Bathrooms, 1377 Square Feet of Living Space, Bright Updated Kitchen with Stone Counters, Ample Storage and Eat In Area, New Paint & Carpeting, Living Room & Formal Dining Area, Lovely Updated Bathrooms, Spacious Bedrooms & 2 Car Garage! Inviting Lush Backyard with Covered Patio and 2 Storage Units. Very Close to Shopping, Amador Valley School and Amador Park.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pleasanton Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1180k

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

Neighborhood: Pleasanton Valley

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
Alisal Elementary School Primary Regular 621 25 7
Harvest Park Middle School Middle Regular 1,169 44 9
Amador Valley High School High Regular 2,612 100 9

Alisal Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 25
7
GreatSchools Rating

Harvest Park Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 44
9
GreatSchools Rating

Amador Valley High School

  • Education Level: High
  • # of students: 2,612
  • # of teachers: 100
9
GreatSchools Rating
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

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-$25k-$20k-$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$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,634
Property Tax -$959
Property Insurance -$60
Property Management Fees -$164
CASH FLOW
-$1,468

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.

$985,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.09%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$635

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,350

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $2,985

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$3,1503$3,3504$3,4005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1466 Ridgewood Rd Pleasanton, 3
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.43
    •  
  • Peregrine Way Pleasanton, 1
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1976
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.24
    •  
  • 4785 Golden Rd Pleasanton, 2
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1964
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.05
    •  
  • 3294 Curtis Cir Pleasanton, 4
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1985
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.03
    •  
  • 4197 Cristobal Way Pleasanton, 5
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1965
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.35
    •  
PROPERTY LISTING DETAILS
Bob Baptiste
Re/max Accord
BESbswy