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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: South of 580
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South of 580
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$177,987
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,488 |
| Loan Amount | $487,463 |
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
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21984 Redwood Rd Castro Valley, CA 4
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- Rent
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- $2,590
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- 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961
LEASED 07/16/20- Rent
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- $2,400
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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
Berkshire Hathaway Homeserv
