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2159 Railroad Ave Hercules, CA 94547

4 Beds 3 Baths 2,030 sqft Built 2003

$749,999

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $369.46
  • 5 Days on Market
  • MLS # : CC40928184
  • Updated Date : 11/14/2020 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

This lovely Victorian-style home is located on the Hercules waterfront, a short distance to the San Francisco Bay Trail, multiple parks, dining, boutique shopping, & nearby freeway access. Entering the home you'll be greeted by open sight-lines & plenty of bright windows. Downstairs you will find updated floors throughout, a large, updated kitchen & room to roam & play. Upstairs the primary bedroom w/ beautiful bay windows & a pass-thru closet w/a built-in shelving system offers a quiet retreat at the end of the day. The stamped patio with overhead string lights offers opportunities for dining al fresco. The generously sized garage has been completed w/drywall, the exposed cement walls have been waterproofed & sealed; additionally, it features overhead storage. This home offers many additional amenities including Nest thermostat(s), recessed lighting, built-in speakers, an updated sprinkler system, & storage galore. Welcome home to 2159 Railroad Ave, you're going to love it here!

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PRICE & RENT TRENDS

Neighborhood: The Waterfront

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: The Waterfront

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
Ohlone Elementary School Primary Regular 344 14 6
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Ohlone Elementary School

  • Education Level: Primary
  • # of students: 344
  • # of teachers: 14
6
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

$674,999$824,999$749,999

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,767
Property Tax -$856
Property Insurance -$76
HOA -$15
Property Management Fees -$172
CASH FLOW
-$385

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.

$749,999

PROJECTED PRICE

$3,500

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.4%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,499
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$36,214

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
  • $3,661

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,7504$3,750
$3,750
RENT COMPS ANALYSIS
  • 2159 Railroad Ave Hercules, CA 1
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2063 Lewis St Hercules, CA 2
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2005
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
  • 1115 Earnest St Hercules, CA 3
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2002
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.85
    •  
  • 2042 Central St Hercules, CA 4
    • 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 2005
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.77
    •  
PROPERTY LISTING DETAILS
Cynthia Peterson
Dudum Real Estate Group
BESbswy