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19065 Carlton Ave Castro Valley, CA 94546

2 Beds 2 Baths 1,385 sqft Built 1960

$875,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $631.77
  • 7 Days on Market
  • MLS # : BE40932500
  • Updated Date : 12/23/2020 at 18:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Flat Rate Realty

Listing Agent's Description

Your Cozy Hideaway in Castro Valley with Room To Expand. 2Bed 2Bath, with Formal Living Room, Over-Sized Eat-in Kitchen, and Family Room with Fireplace, Private Driveway, on a .27 Acre Lot! New Interior and Exterior Paint, New Laminate Flooring Throughout, Updated Bathrooms, Central Heating, Dual Pane Windows, and Extended Driveway For Multiple Vehicles. Huge Potential for Room Addition and/or ADU. (Please Verify with County). Easy Distance to Great Schools, and Minutes To Downtown, The Local BART Station, and Highways 238 and 580.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Castro Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1030k

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

Neighborhood: West Castro Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323381

* 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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$3,228
Property Tax -$976
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$1,404

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.

$875,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$207

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
  • $3,040

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,850
$2,850
RENT COMPS ANALYSIS
  • 19065 Carlton Ave Castro Valley, CA 1
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14921 Donald Ave San Leandro, CA 2
    • 2 beds 1 baths ∙ 1,128 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,128 Sqft ∙ Built 1947
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.39
    •  
  • 1520 172nd Ave Hayward, CA 3
    • 2 beds 2 baths ∙ 1,425 Sqft ∙ Built 1946 2 beds 2 baths ∙ 1,425 Sqft ∙ Built 1946
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.00
    •  
PROPERTY LISTING DETAILS
Harry Cordiano
Flat Rate Realty
BESbswy