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16640 Cumora Ave San Lorenzo, CA 94580

3 Beds 2 Baths 1,803 sqft Built 1956

$749,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $415.42
  • 2 Days on Market
  • MLS # : CC40929878
  • Updated Date : 11/22/2020 at 04:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,803 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Truly, A MUST SEE! Charming home nestled at the end of a private court with upgrades throughout. Settle into the inviting living room next to the cozy fireplace adjacent to the dining area.perfect for gatherings with family and guests. The kitchen is well equipped with updated appliances including a gas stove, solid wood cabinetry, recessed lighting, and table nook. Master bedroom offers tranquility, spacious closets, storage & flows onto the newly remodeled bathroom. It's here you'll leave the stress of the day behind in the relaxing tub & shower surrounded by marble surround & marble top vanity. The secondary bedrooms & powder room provide ample room for family, guests, home office and/or study rooms. The bonus room & large yards offer year round California living. Upgraded plumbing, electrical, dual pane windows,app-controlled heating and irrigation, pull-out shelving,effecient fireplace insert, hardwood flooring, fruit trees, EZ access to highways, airports, schools & amenities!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashland

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $201k1024k

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

Neighborhood: Ashland

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13933193

* 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
Hesperian Elementary School Primary Regular 721 31 2
Edendale Middle School Middle Regular 696 30 1
San Lorenzo High School High Regular 1,407 59 3

Hesperian Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 31
2
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
 

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

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,763
Property Tax -$838
Property Insurance -$71
Property Management Fees -$157
CASH FLOW
-$619

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

$3,210

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$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 60% 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

2.58

YEARS SAVED

$18,631

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
  • $3,251

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,4004$3,900
$3,900
RENT COMPS ANALYSIS
  • 16640 Cumora Ave San Lorenzo, CA 1
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 887 Via Bregani San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1957
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.76
    •  
  • 21620 Gail Dr Castro Valley, CA 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1956 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1956
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.70
    •  
  • 2755 Pineridge Rd Castro Valley, CA 4
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.95
    •  
PROPERTY LISTING DETAILS
Annestelle Maes
Keller Williams Realty
BESbswy