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21984 Redwood Rd Castro Valley, CA 94546

2 Beds 2 Baths 988 sqft Built 1948

$649,950

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $657.84
  • 3 Days on Market
  • MLS # : BE40929157
  • Updated Date : 11/14/2020 at 18:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 988 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeserv

Listing Agent's Description

Amazing Cottage snuggled behind century old Redwood trees on a huge lot!! This 2 Bd 2 Bath Home w/office that could easily be 3rd Bdrm. Living room w/ marble entry, custom shelving, and lighting and cozy fireplace. Kitchen upgraded with custom cabinetry and lighting, eat-in dinning area, sliding door leads to rear deck. Master suite has custom lighting, huge walk-in closet and sitting room for relaxing! 2nd bd has on-suite with remodeled bath full tub and shower i Guest bath beautifully remodeled. spacious office with separate entrance. Single garage has been converted to huge laundry room and storage. Square footage is not the same as assessor. too many upgrades to mention. MUST SEE Home has been beautifully staged. Video link https://youtu.be/DPjyKIWOC4c

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
 

$584,955$714,945$649,950

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,398
Property Tax -$747
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
-$755

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.

$649,950

PROJECTED PRICE

$2,590

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,987

INVESTMENT

$177,987

Down Payment
$162,488
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,488
Loan Amount $487,463
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $2.62

    LIST RENT PER SQFT
  • $2,556

    COMP ESTIMATED VALUE
  • $2.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,5004$2,590
$2,590
RENT COMPS ANALYSIS
  • 21984 Redwood Rd Castro Valley, CA 4
    • 2 beds 2 baths ∙ 988 Sqft ∙ Built 1948 2 beds 2 baths ∙ 988 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $2.62
    •  
  • 22221 Peralta St Hayward, CA 1
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.40
    •  
  • 2660 Vegas Ave Castro Valley, CA 2
    • 2 beds 1 baths ∙ 906 Sqft ∙ Built 1948 2 beds 1 baths ∙ 906 Sqft ∙ Built 1948
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.70
    •  
  • 22137 Montgomery St Hayward, CA 3
    • 2 beds 1 baths ∙ 940 Sqft ∙ Built 1942 2 beds 1 baths ∙ 940 Sqft ∙ Built 1942
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.66
    •  
PROPERTY LISTING DETAILS
Sue Elder
Berkshire Hathaway Homeserv
BESbswy