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21893 Betlen Way Castro Valley, CA 94546

3 Beds 2 Baths 1,272 sqft Built 1954

$750,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $589.62
  • 5 Days on Market
  • MLS # : BE40933305
  • Updated Date : 01/08/2021 at 17:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,272 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Single level home with a great curb appeal and interior layout. The yard is an amazing size with side access ready for large RV, boat or future ADU. 2 car garage. Original hardwood floors. Living, dining and family room with an extra enclosed porch area. Appliances stay. Lots of storage in garage. The home needs TLC. What a great opportunity for this space at a great price. Desired Baywood neighborhood in Castro Valley located near shopping (Trader Joes), BART, and freeways.

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,605
Property Tax -$849
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$611

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.

$750,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$13,757

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
  • $3,123

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,200
$3,200
RENT COMPS ANALYSIS
  • 21893 Betlen Way Castro Valley, CA 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21835 Redwood Rd Castro Valley, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1948
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.50
    •  
  • 4175 Veronica Avenue Castro Valley, CA 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1957
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.41
    •  
PROPERTY LISTING DETAILS
Danielle Keil
Keller Williams Realty
BESbswy