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17627 Almond Rd Castro Valley, CA 94546

3 Beds 2 Baths 1,624 sqft Built 1959

$995,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $612.68
  • 5 Days on Market
  • MLS # : BE40928490
  • Updated Date : 11/11/2020 at 11:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Stanford Realty Group

Listing Agent's Description

FIRST TIME ON THE MARKET. Original family has meticulously maintained this perfectly situated home in the highly desirable Proctor neighborhood. Spacious floor plan with formal living and separate family room. This lovely property has fresh interior paint, newer roof, new light fixtures, new cooktop, SS frig, and more. Single story home with an OUTSTANDING level lot providing over 10,000 square feet. Side access for boat & RV or add an ADU unit. Check with the County for the endless possibilities with this amazing property. We are directly across the street from PARSONS PARK. Come by and see us, don't miss out on your dream home!

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PRICE & RENT TRENDS

Neighborhood: Castro Valley Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Castro Valley Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Proctor Elementary School Primary Regular 532 22 9
Canyon Middle School Middle Regular 1,400 59 7
Castro Valley High School High Regular 2,977 119 9

Proctor Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 22
9
GreatSchools Rating

Canyon Middle School

  • Education Level: Middle
  • # of students: 1,400
  • # of teachers: 59
7
GreatSchools Rating

Castro Valley High School

  • Education Level: High
  • # of students: 2,977
  • # of teachers: 119
9
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,671
Property Tax -$1,061
Property Insurance -$66
Property Management Fees -$162
CASH FLOW
-$1,660

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.

$995,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,335

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,3804$3,500
$3,500
RENT COMPS ANALYSIS
  • 17627 Almond Rd Castro Valley, CA 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.03
    •  
  • 17532 Kingston Way Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1954
    property image
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.11
    •  
  • 3766 Brookdale Blvd Castro Valley, CA 3
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $2.01
    •  
  • 18865 W Cavendish Drive Castro Valley, CA 4
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1978
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
PROPERTY LISTING DETAILS
Athena Stanford
Stanford Realty Group
BESbswy