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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $481.67
- 6 Days on Market
- MLS # : BE40931411
- Updated Date : 12/09/2020 at 10:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,609 sqft
- Baths : 2 full
Listing Agent
Re/max Accord
Listing Agent's Description
Step inside this Single level home that is ready for your personal touch. Original owners added family room w/3rd bathroom for 1600 sq.ft. of living space. Dual paned windows, wall to wall carpeting, and lino flooring in kitchen and family room. (Possible hardwood floors underneath carpet). Wood burning Fireplace in living room. Dining area. Walk out to covered cement patio and fully landscaped backyard with garden tool shed. Exterior of house freshly painted 8/2020. 2 Car Garage with plenty of storage. Home does need some updating but is solid and well cared for. Close to schools and freeways.
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PRICE & RENT TRENDS
Neighborhood: San Lorenzo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Lorenzo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,990 |
| EXPENSES | Loan Payment | -$2,859 |
| Property Tax | -$856 | |
| Property Insurance | -$66 | |
| HOA | -$120 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$1,060
|
||
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.
$775,000
PROJECTED PRICE
$2,990
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$211,125
LOAN DETAILS
$2,859
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
0.5
YEARS SAVED
$1,556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,274
COMP ESTIMATED VALUE -
$2.04
COMP AVG. RENT PER SQFT
Comps Range
-
1820 Via Amigos San Lorenzo, CA 1
- 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1786 Via Chorro San Lorenzo, CA 2
- 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
-
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
LEASED 09/11/20- Rent
- Rent Per SQFT
- $3,000
- $2.06
-
1651 Via Chorro San Lorenzo, CA 4
- 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
-
Via Represa San Lorenzo, CA 5
- 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957
LEASED 10/21/20- Rent
- Rent Per SQFT
- $3,250
- $2.01
PROPERTY LISTING DETAILS
Re/max Accord
