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17360 Via Carmen San Lorenzo, CA 94580

3 Beds 2 Baths 1,667 sqft Built 1953

$838,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $502.70
  • 3 Days on Market
  • MLS # : BE40934486
  • Updated Date : 01/15/2021 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full
Listing Agent

Village Properties & Assoc.

Listing Agent's Description

Charm Abounds in this Quintessential San Lorenzo Village Rancher. You are Immediately Greeted by the Dreamy Long Porch and it Only Gets Better. Once Inside Features Include Three Bedrooms, Two Full Baths, Two Car Garage, 1667 Square Feet of Open Concept Living Space Situated on a 5120 Square Foot Lot, Original Dark Colored Hardwood Floors, Remodeled Chef's Kitchen Complete w/a Garland Commercial Range, Silent Range Hood w/Warming Lights, Black Granite Counters, Stainless Appliances, Walk In Pantry & Island, Adjacent Dining Area as well as the Kitchen Opens to a Stunning Family Room, Perfect for Family, Entertaining and Lets Not Forget the Bar! Warm Neutral Color Paint Palette Throughout, Recessed Lighting, Beautiful Stone Surround Gas Fireplace, Plantation Shutters, Central Heat, Replaced Sewer Lateral, Updated Copper Plumbing and Much More. Walking Distance to San Lorenzo Park and Del Rey School. This is One You Don't Want to Miss!

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
Lorenzo Manor Elementary School Primary Regular 601 25 3
Bohannon Middle School Middle Regular 842 39 3
San Lorenzo High School High Regular 1,407 59 3

Lorenzo Manor Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 25
3
GreatSchools Rating

Bohannon Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 39
3
GreatSchools Rating

San Lorenzo High School

  • Education Level: High
  • # of students: 1,407
  • # of teachers: 59
3
GreatSchools Rating
 

$754,200$921,800$838,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,911
Property Tax -$937
Property Insurance -$67
HOA -$125
Property Management Fees -$157
CASH FLOW
-$997

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.

$838,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.38%

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$3.0M

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$227,820

INVESTMENT

$227,820

Down Payment
$209,500
Rehab Estimate
$5,750
Closing Costs
$12,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $209,500
Loan Amount $628,500
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,976

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
  • $3,422

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,0004$3,0005$3,250
$3,250
RENT COMPS ANALYSIS
  • 17360 Via Carmen San Lorenzo, CA 1
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 1418 Culver Pl San Lorenzo, CA 3
    • 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 17127 Via Flores San Lorenzo, CA 4
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1947
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
  • Via Represa San Lorenzo, CA 5
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.01
    •  
PROPERTY LISTING DETAILS
Jessica Medina
Village Properties & Assoc.
BESbswy