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PROPERTY INFO
FACTS
- Single Family
- Built In 1940
- Price/Sqft : $826.21
- 6 Days on Market
- MLS # : BE40932503
- Updated Date : 12/26/2020 at 14:45
CONSTRUCTION
- Beds : 2
- Floor Size : 1,076 sqft
- Baths : 1 full
Listing Agent
Tsm Realtors
Listing Agent's Description
End of Year Special! Don't miss out on this one. Unique opportunity to own a Castro Valley home with tons of potential. Approved plans for 748 sq. ft. ADU ready to go! 2,1 with office, possible 3rd bedroom, central heating/air conditioning, new front porch, dual pane windows. Investors, cosmetic fixer with clear Section 1 termite report. Detached garage, long driveway, plenty of parking. Great location, close to top rated Elementary School, Junior High, and High School. Short walk to Al's Market, The Village shopping, Adobe Park, CV Community Center.
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PRICE & RENT TRENDS
Neighborhood: Central Castro Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Castro Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$3,280 |
| Property Tax | -$992 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$1,754
|
||
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.
$889,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| 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
$241,335
LOAN DETAILS
$3,280
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $222,250 |
| Loan Amount | $666,750 |
0.08
YEARS SAVED
$46
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
-
$2,529
COMP ESTIMATED VALUE -
$2.35
COMP AVG. RENT PER SQFT
Comps Range
-
19220 Parsons Ave Castro Valley, CA 1
- 2 beds 1 baths ∙ 1,076 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,076 Sqft ∙ Built 1940
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2660 Vegas Ave Castro Valley, CA 2
- 2 beds 1 baths ∙ 906 Sqft ∙ Built 1948 2 beds 1 baths ∙ 906 Sqft ∙ Built 1948
![property image]()
LEASED 11/19/20- Rent
- Rent Per SQFT
- $2,450
- $2.70
-
1520 172nd Ave Hayward, CA 3
- 2 beds 2 baths ∙ 1,425 Sqft ∙ Built 1946 2 beds 2 baths ∙ 1,425 Sqft ∙ Built 1946
![property image]()
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,850
- $2.00
PROPERTY LISTING DETAILS
Tsm Realtors
