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2087 Blackwood Dr San Pablo, CA 94806

3 Beds 2 Baths 1,204 sqft Built 1968

INVESTimate

$575,000

List Price

$2,830

$2,580 - $3,080

Rent Est.

$636,410  ( +10.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $477.57
  • 3 Days on Market
  • MLS # : CC40917067
  • Updated Date : 08/24/2020 at 03:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Bartels

Listing Agent's Description

Move in ready 3 bedroom & 2 bath home. Formal dining, family room with fireplace, modern kitchen with breakfast nook. Newer laminate floors thruout. Freshly painted and updated. Private yard with huge patio for entertaining. Offstreet parking for RV or boat.

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PRICE & RENT TRENDS

Neighborhood: Bayview

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1032k

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

Neighborhood: Bayview

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Shannon Elementary School Primary Regular 343 16 6
Shannon Elementary School Middle Regular 343 16 6
Pinole Valley High School High Regular 1,205 54 4

Shannon Elementary School

  • Education Level: Primary
  • # of students: 343
  • # of teachers: 16
6
GreatSchools Rating

Shannon Elementary School

  • Education Level: Middle
  • # of students: 343
  • # of teachers: 16
6
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,122
Property Tax -$696
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$192

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.

$575,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.68%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$40,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $2.35

    LIST RENT PER SQFT
  • $2,721

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8303$2,995
$2,995
RENT COMPS ANALYSIS
  • 2087 Blackwood Dr San Pablo, 2
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $2.35
    •  
  • 2721 Sargent Ave San Pablo, 1
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 1293 Kilcrease Cir El Sobrante, 3
    • 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1959
    property image
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.63
    •  
PROPERTY LISTING DETAILS
Silvio Addiego
Coldwell Banker Bartels
BESbswy