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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: San Lorenzo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Lorenzo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
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
-
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
Winkler Real Estate Group
