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21718 Gail Dr Castro Valley, CA 94546

2 Beds 2 Baths 1,560 sqft Built 1965

INVESTimate

$799,000

List Price

$3,210

$2,960 - $3,460

Rent Est.

$882,416  ( +10.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $512.18
  • 2 Days on Market
  • MLS # : BE40917187
  • Updated Date : 08/25/2020 at 03:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wonderful single level home with open and functional floor plan with wonderful views of valley and hills. This home features a sprawling family room with brick fireplace, large windows and lots of natural light, spacious kitchen and dining room. Enjoy AC and solar panels for those hot bay area days. Newer roof (2015), beautifully refinished hardwood floors, fresh paint and carpet and sewer compliant. This home has a lot of closet/storage space and an oversized garage with workshop. Settle into this great neighborhood conveniently located near Trader Joe's, BART, freeways, library, as well as shopping, dining, and entertainment!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South of 580

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1024k

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

Neighborhood: South of 580

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200Rent in $14783381

* 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
Strobridge Elementary School Primary Regular 620 24 2
Bret Harte Middle School Middle Regular 636 28 3
Hayward High School High Regular 1,644 74 4

Strobridge Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 24
2
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
3
GreatSchools Rating

Hayward High School

  • Education Level: High
  • # of students: 1,644
  • # of teachers: 74
4
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,948
Property Tax -$886
Property Insurance -$65
Property Management Fees -$157
CASH FLOW
-$846

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.

$799,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.44%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $3,635

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,2103$3,400
$3,400
RENT COMPS ANALYSIS
  • 21718 Gail Dr Castro Valley, 2
    • 2 beds 2 baths ∙ 1,560 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,560 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $2.06
    •  
  • 1520 172nd Ave Hayward, 1
    • 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
    •  
  • 4256 Seven Hills Road Castro Valley, 3
    • 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 1948 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 1948
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.66
    •  
PROPERTY LISTING DETAILS
Judy Grubb
Keller Williams Realty
BESbswy