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2306 Norwood Rd Livermore, CA 94550

3 Beds 2 Baths 1,711 sqft Built 1972

$995,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $581.53
  • 2 Days on Market
  • MLS # : BE40930025
  • Updated Date : 11/21/2020 at 10:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,711 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

South Livermore Ready Move In! Prestigious single story detached Home. Open Spacious living space with the luxury of all your entertaining needs, lots of great natural light, updated kitchen with granite counter tops, stainless steel appliances, built in microwave, laminate hardwood flooring thru-out, newer windows and sliding door, newer roof, fresh paint, master bath suite with master bath tile shower stall, laundry room, side access, and enormous rear yard with stunning pool for relaxing. Conveniently located close to Top Rated Schools, parks, wineries, restaurants, hiking trails, and hwy 84

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Livermore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1299k

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

Neighborhood: South Livermore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000320034003600380040004200Rent in $15764318

* 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
William Mendenhall Middle School Middle Regular 958 36 8
Granada High School High Regular 2,017 85 8

William Mendenhall Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 36
8
GreatSchools Rating

Granada High School

  • Education Level: High
  • # of students: 2,017
  • # of teachers: 85
8
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,671
Property Tax -$1,118
Property Insurance -$68
Property Management Fees -$162
CASH FLOW
-$1,719

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.

$995,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$109

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
  • $3,559

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3504$3,5505$3,550
$3,550
RENT COMPS ANALYSIS
  • 2306 Norwood Rd Livermore, CA 1
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1146 Aberdeen Ave Livermore, CA 2
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1957
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.12
    •  
  • 775 Leland Way Livermore, CA 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1965
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.01
    •  
  • 737 Canterbury Ave. Livermore, CA 4
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1967
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.04
    •  
  • 329 Helen Way Livermore, CA 5
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1966
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.15
    •  
PROPERTY LISTING DETAILS
Sara Lovett
Compass
BESbswy