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22033 Vergil St Castro Valley, CA 94546

3 Beds 1 Baths 1,470 sqft Built 1949

$675,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $459.18
  • 5 Days on Market
  • MLS # : BE40931180
  • Updated Date : 12/11/2020 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 1 full
Listing Agent

Evolve Real Estate

Listing Agent's Description

What an opportunity to make this home your own. Great bones in this 3 bedroom, 1 bath home in 1020 sq. ft. of living space. Approximately 450 sq. ft. bonus room with brick fireplace is not included in sq. footage. Spacious, private backyard with covered patio and storage shed. Attached one car garage. Conveniently located near shopping, restaurants, BART and freeway access.

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,490
Property Tax -$775
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$678

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.

$675,000

PROJECTED PRICE

$2,800

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

PROJECTED ANNUAL CASH FLOW

11530-$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,443

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
  • $2,808

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,200
$3,200
RENT COMPS ANALYSIS
  • 22033 Vergil St Castro Valley, CA 1
    • 3 beds 1 baths ∙ 1,470 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,470 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21101 Aspen Ave Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.90
    •  
  • 20073 Center St Castro Valley, CA 3
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1947
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.92
    •  
PROPERTY LISTING DETAILS
Leslie Peterson
Evolve Real Estate
BESbswy