Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

19220 Parsons Ave Castro Valley, CA 94546

2 Beds 1 Baths 1,076 sqft Built 1940

$889,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Castro Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $264k1078k

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

Neighborhood: Central Castro Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16333863

* 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
 

$800,100$977,900$889,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

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
$0
1$02$2,4503$2,850
$2,850
RENT COMPS ANALYSIS
  • 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
Danielle Collard
Tsm Realtors
BESbswy