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16075 Carolyn St San Leandro, CA 94578

3 Beds 2 Baths 1,233 sqft Built 1947

$780,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $632.60
  • 3 Days on Market
  • MLS # : BE40927888
  • Updated Date : 11/20/2020 at 03:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Charming San Leandro home has an open floor plan with magnificent views of the bay and lively city lights. This home features remodeled kitchen with quartz counter tops with tile backsplash, Italian tile floors, stainless steel appliances, remodeled bathrooms, dual pane windows, laminated flooring through out, six panel doors, Hudson Reed shower fixtures, crown molding, recessed lights, newer furnace and AC unit, NEST and list goes on and on. Seller has upgraded the home with top of line material. Spacious crawl space can be used for storage area. Enjoy tranquil sunsets on the back deck with panoramic views. Huge backyard is perfect for family get togethers and entertaining. Close proximity to shopping, BART, 580 and 880 freeways. MUST SEE AS SOON AS POSSIBLE!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Portal Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: El Portal Ridge

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
Corvallis Elementary School Primary Regular 620 26 3
Edendale Middle School Middle Regular 696 30 1
San Lorenzo High School High Regular 1,407 59 3

Corvallis Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 26
3
GreatSchools Rating

Edendale Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 30
1
GreatSchools Rating

San Lorenzo High School

  • Education Level: High
  • # of students: 1,407
  • # of teachers: 59
3
GreatSchools Rating
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,878
Property Tax -$875
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$1,169

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.

$780,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.6%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$604

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
  • $3,076

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,095
$3,095
RENT COMPS ANALYSIS
  • 16075 Carolyn St San Leandro, CA 1
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 2433 Lyle Ct San Leandro, CA 3
    • 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1952
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.86
    •  
PROPERTY LISTING DETAILS
Sanjiv Nayyar
Redfin
BESbswy