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18357 Carmel Dr Castro Valley, CA 94546

4 Beds 2 Baths 1,973 sqft Built 1952

$995,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $504.31
  • 3 Days on Market
  • MLS # : BE40931089
  • Updated Date : 12/04/2020 at 13:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,973 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This split level home is located in the popular Lake Chabot neighborhood. Warm hardwood floors greet. The open floorplan is perfect for comfortable living and easy entertaining. The great room is appointed with soaring ceilings and floor to ceiling stone fireplace. Spacious chef's kitchen with tile counters and backsplash. Plenty of counter workspace. Numerous cabinets to store all your appliances. Breakfast bar and dining area provide plenty of room for holiday guests. Dual paned windows. Central heat and air conditioning. Large versatile utility room downstairs. Great for a home office or gym. Oversized master bedroom with separate entrance. Perfect au-pair, in-law or roommate situation. Serenity and fun await you in the private backyard. Relax by the fountain. Practice your stroke on the golf putting green. Miles of trails await you nearby in Lake Chabot Regional Park. Easy commuter location. 3 BART stations are within a 3 mile radius.

SEE MORE

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
Chabot Elementary School Primary Regular 451 17 8
Canyon Middle School Middle Regular 1,400 59 7
Castro Valley High School High Regular 2,977 119 9

Chabot Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 17
8
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

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,671
Property Tax -$1,110
Property Insurance -$75
Property Management Fees -$175
CASH FLOW
-$1,461

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

$3,570

PROJECTED RENT

0.36%

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$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$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 70% 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

0.33

YEARS SAVED

$760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,854

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,3803$3,5704$3,900
$3,900
RENT COMPS ANALYSIS
  • 18357 Carmel Dr Castro Valley, CA 3
    • 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.81
    •  
  • 21101 Aspen Ave Castro Valley, CA 1
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.90
    •  
  • 3766 Brookdale Blvd Castro Valley, CA 2
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $2.01
    •  
  • 2755 Pineridge Rd Castro Valley, CA 4
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.95
    •  
PROPERTY LISTING DETAILS
Laurie Pfohl
Coldwell Banker Realty
BESbswy