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16056 Via Catherine San Lorenzo, CA 94580

4 Beds 2 Baths 1,226 sqft Built 1956

$788,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $642.74
  • 3 Days on Market
  • MLS # : BE40934485
  • Updated Date : 01/16/2021 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,226 sqft
  • Baths : 2 full
Listing Agent

Village Properties & Assoc.

Listing Agent's Description

Beautiful and Rarely Available Four Bedroom Village Rancher It's not Everyday you Find a Move in Ready Four Bedroom. This Home Features Four Spacious Bedrooms, Two Full Baths, Two Car Garage, Potential Side Yard Access, 1226 Square Feet of Living Space Situated on a 6612 Square Foot Lot, The Stunning Wall to Wall Windows Greet You w/Views of the Gorgeous Backyard. Beautiful Original Hardwood Floors, Stone Wood Burning Fireplace w/Gas Starter, Bright and Airy Kitchen w/Ample Cabinetry, Granite Counters, Stainless Appliances, Spacious Walk In Pantry & Island, Private Full Bath in the Large Master Bedroom, Morning Coffee Will Never Taste Better than when You are Sitting Under Your Grape Vine Covered Pergola, Perfect Detached Home Office Cottage for all Your Zoom Meetings is Surrounded By Raised Garden Beds and Sitting Area. 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
Bay Elementary School Primary Regular 546 23 4
Bohannon Middle School Middle Regular 842 39 3
Arroyo High School High Regular 1,784 78 7

Bay Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 23
4
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
 

$709,200$866,800$788,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,737
Property Tax -$870
Property Insurance -$57
HOA -$125
Property Management Fees -$149
CASH FLOW
-$1,008

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.

$788,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.37%

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

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$214,570

INVESTMENT

$214,570

Down Payment
$197,000
Rehab Estimate
$5,750
Closing Costs
$11,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,000
Loan Amount $591,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,416

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
  • $2,584

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 16056 Via Catherine San Lorenzo, CA 1
    • 4 beds 2 baths ∙ 1,226 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,226 Sqft ∙ Built 1956
    • 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
    •  
  • 15503 Montreal St San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
  • 1418 Culver Pl San Lorenzo, CA 4
    • 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 1651 Via Chorro San Lorenzo, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jessica Medina
Village Properties & Assoc.
BESbswy