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18334 Joseph Dr Castro Valley, CA 94546

4 Beds 2 Baths 1,588 sqft Built 1956

INVESTimate

$949,000

List Price

$3,510

$3,260 - $3,760

Rent Est.

$1,048,455  ( +10.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $597.61
  • 7 Days on Market
  • MLS # : BE40917361
  • Updated Date : 08/25/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,588 sqft
  • Baths : 2 full
Listing Agent

Evolve Real Estate

Listing Agent's Description

This gorgeous upper valley home in the desirable Proctor neighborhood features 4 bedrooms and 2 baths in approximately 1588 sq. ft. of prime living space. Plantation shutters, newer dual pane windows, updated kitchen with granite counters, gas stove, stainless appliances, breakfast bar, recessed lighting and solar tube. The upper level highlights 2 bedrooms and Master suite with private bath. The downstairs bedroom has a separate entrance. Light, bright spacious great room overlooking the tranquil backyard is perfect extra living space, ideal for home schooling or working at home. Use your imagination with all the extra space on the downstairs level. Perfect for storage now and endless possibilities of what you can do in the future! Relax on the backyard deck against the hillside, great for playing, gardening and entertaining. Nearby award winning schools, parks, walking trails, recreation, shopping, downtown, BART and freeway access make this an extra convenient location.

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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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

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-$20k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,501
Property Tax -$1,059
Property Insurance -$65
Property Management Fees -$172
CASH FLOW
-$1,288

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.

$949,000

PROJECTED PRICE

$3,510

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.48%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,903

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
  • $3,549

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,3504$4,0005$4,000
$4,000
RENT COMPS ANALYSIS
  • 18334 Joseph Dr Castro Valley, 1
    • 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4645 Alma Ave Castro Valley, 2
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.30
    •  
  • 17532 Kingston Way Castro Valley, 3
    • 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
    •  
  • 18660 Almond Rd Castro Valley, 4
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1940
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.36
    •  
  • Greenridge Rd Castro Valley, 5
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1960
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.17
    •  
PROPERTY LISTING DETAILS
Leslie Peterson
Evolve Real Estate
BESbswy