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16153 Via Harriet San Lorenzo, CA 94580

3 Beds 3 Baths 1,519 sqft Built 1957

$749,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $493.09
  • 7 Days on Market
  • MLS # : MR40927229
  • Updated Date : 10/28/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,519 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Fantastic and sunny updated 3 bedrooms 3 bath single family home! Enclosed front porch leading to living room. Versatile family room with full bath can be used as the fourth bedroom. Features new interior and exterior painting, newly updated bathrooms, wood flooring throughout, and SS appliances. Garage converted to a full bath plus bonus room, easy to be convert back. Lots of storage. Huge sunny yard with deck is great for entertaining/gardening, and a lovely shed is an ideal office. Community Park nearby! Easy access to Hwy 880/580. Nice and quite neighborhood!

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
 

$674,100$823,900$749,000

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 -$2,763
Property Tax -$827
Property Insurance -$64
HOA -$120
Property Management Fees -$149
CASH FLOW
-$994

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.

$749,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.39%

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,129

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,875
1$2,8752$2,9303$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 16153 Via Harriet San Lorenzo, CA 2
    • 3 beds 3 baths ∙ 1,519 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,519 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.93
    •  
  • 1786 Via Chorro San Lorenzo, CA 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1956
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.96
    •  
  • 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
Ziwei Wang
Compass
BESbswy