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175 Montalvin Dr San Pablo, CA 94806

3 Beds 1 Baths 1,159 sqft Built 1953

$399,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $344.26
  • 3 Days on Market
  • MLS # : EB40929989
  • Updated Date : 11/20/2020 at 17:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,159 sqft
  • Baths : 1 full
Listing Agent

Bhg Re Reliance Partners

Listing Agent's Description

This 3/1 rancher offers potential galore! Sitting on a 6,050 square foot level lot with views of San Pablo Bay from both the front and back yard, this home is desperately in need of a hug. There is a converted garage that can be used as a 4th bedroom or office. It is not for the faint of heart but for somebody with a vision who can look past the deferred maintenance. Great bones!!

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PRICE & RENT TRENDS

Neighborhood: Montalvin Manor

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $171k1015k

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

Neighborhood: Montalvin Manor

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
Montalvin Elementary School Primary Regular 419 18 5
Montalvin Elementary School Middle Regular 419 18 5
Pinole Valley High School High Regular 1,205 54 4

Montalvin Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 18
5
GreatSchools Rating

Montalvin Elementary School

  • Education Level: Middle
  • # of students: 419
  • # of teachers: 18
5
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,472
Property Tax -$493
Property Insurance -$55
Property Management Fees -$149
CASH FLOW
-$39

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.

$399,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$42,286

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
  • $2,225

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,6504$2,795
$2,795
RENT COMPS ANALYSIS
  • 175 Montalvin Dr San Pablo, CA 1
    • 3 beds 1 baths ∙ 1,159 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,159 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 981 Palmer Ave San Pablo, CA 2
    • 3 beds 1 baths ∙ 1,046 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,046 Sqft ∙ Built 1955
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.72
    •  
  • 2721 Sargent Ave San Pablo, CA 3
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 2901 Canterbury Dr Richmond, CA 4
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1963
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.15
    •  
PROPERTY LISTING DETAILS
Sarah Torney
Bhg Re Reliance Partners
BESbswy