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16154 Via Alamitos San Lorenzo, CA 94580

3 Beds 2 Baths 1,222 sqft Built 1945

$699,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1945
  • Price/Sqft : $572.01
  • 7 Days on Market
  • MLS # : EB40932707
  • Updated Date : 12/31/2020 at 12:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,222 sqft
  • Baths : 2 full
Listing Agent

Winkler Real Estate Group

Listing Agent's Description

Welcome to 16154 Via Alamitos! Completely move-in ready; this beautifully renovated three-bedroom, two-bathroom home located in the San Lorenzo Village exudes warmth and charm! The light and airy kitchen has been renovated with new quartz countertops, new stainless steel appliances, and custom styled backsplash that flows openly into the dining area. This home offers 1,222 square feet of living space and has been redesigned so as soon as you walk in, you are greeted with a spacious open concept floor plan that offers a generous amount of natural light throughout the home with its new dual pane windows. This light and airy home also offers�a gorgeous ensuite and just a few steps off of the dining room, you are taken into the backyard with a new deck and well-maintained yard; a perfect place to relax and entertain family and friends! Just minutes away from schools, amenities, parks, and the highway.

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,579
Property Tax -$772
Property Insurance -$57
HOA -$125
Property Management Fees -$149
CASH FLOW
-$1,092

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.

$699,000

PROJECTED PRICE

$2,590

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,597

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,590
1$2,5902$2,8003$2,9004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 16154 Via Alamitos San Lorenzo, CA 1
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1945
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $2.12
    •  
  • 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
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 3
    • 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
    •  
  • 15503 Montreal St San Leandro, CA 4
    • 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
    •  
  • 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
Jeffrey Vu
Winkler Real Estate Group
BESbswy