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1702 Via Ventana San Lorenzo, CA 94580

3 Beds 2 Baths 1,436 sqft Built 1954

$700,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $487.47
  • 4 Days on Market
  • MLS # : CC40927537
  • Updated Date : 11/06/2020 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,436 sqft
  • Baths : 1 full , 1 half
Listing Agent

The Village Real Estate Co.

Listing Agent's Description

Come see this beautiful San Lorenzo Village ranch style home! Features 3 bedrooms, 1.5 bathrooms, 1436 sq/ft. Includes a light and bright living room graced by a cozy wood burning fireplace, a family room with built-in bar area, new vinyl flooring and a second fireplace, kitchen includes a double oven, butlers pantry and ample counter space. Gleaming refinished hardwood floors and fresh interior paint throughout. Step out to the backyard patio overlooking a sparkling in ground pool perfect for your summer BBQ's. Within walking distance to schools, post office, banks and community parks while located in a fabulous neighborhood! This home is perfect for the first time home buyers and surely won't last long!

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,583
Property Tax -$773
Property Insurance -$62
HOA -$125
Property Management Fees -$149
CASH FLOW
-$742

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.

$700,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.42%

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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $2,958

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,875
1$2,8752$2,9503$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1702 Via Ventana San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.05
    •  
  • 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
Thomy Clements
The Village Real Estate Co.
BESbswy