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2351 Galway Road San Pablo, CA 94806

3 Beds 2 Baths 1,326 sqft Built 1959

$680,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $512.82
  • 2 Days on Market
  • MLS # : CC40934507
  • Updated Date : 01/16/2021 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,326 sqft
  • Baths : 2 full
Listing Agent

Valero Realty

Listing Agent's Description

Beautiful Tara Hills Home lovingly cared for by long term owner. Fantastic North Bay views and sunsets!! 3 bedrooms 2 baths with Family Room. Tastefully remodeled new kitchen with white cabinets, Quartz counters, stainless steel new stove and dishwasher. Remodeled new master bath. Hardwood and tile floors. Bay window in family/multi-purpose room. Nice view from garden window at kitchen. Two car garage. Great street appeal with lovingly crafted landscape. One year old roof.

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PRICE & RENT TRENDS

Neighborhood: Tara Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1030k

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

Neighborhood: Tara Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Tara Hills Elementary School Primary Regular 545 23 3
Tara Hills Elementary School Middle Regular 545 23 3
Pinole Valley High School High Regular 1,205 54 4

Tara Hills Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 23
3
GreatSchools Rating

Tara Hills Elementary School

  • Education Level: Middle
  • # of students: 545
  • # of teachers: 23
3
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,362
Property Tax -$823
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$673

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.

$680,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,267

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
  • $2,586

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,650
$2,650
RENT COMPS ANALYSIS
  • 2351 Galway Road San Pablo, CA 1
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3136 Deseret Dr Richmond, CA 2
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.01
    •  
  • 2721 Sargent Ave San Pablo, CA 3
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
PROPERTY LISTING DETAILS
Carlos Valero
Valero Realty
BESbswy