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2370 Gaynor Ave Richmond, CA 94804

3 Beds 1 Baths 1,006 sqft Built 1924

$499,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $496.02
  • 2 Days on Market
  • MLS # : CC40929331
  • Updated Date : 11/14/2020 at 09:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,006 sqft
  • Baths : 1 full
Listing Agent

Dolan Realty Company

Listing Agent's Description

This is a charming 3 bedroom 1 bathroom turn-key home. Freshly painted inside and out, this home comes with an updated kitchen, refreshed bathroom, and updated flooring throughout . The large backyard has plenty of room for entertaining.

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PRICE & RENT TRENDS

Neighborhood: North and East

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $182k1015k

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

Neighborhood: North and East

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
Grant Elementary School Primary Regular 563 25 1
Dejean Middle School Middle Regular 625 23 1
Kennedy High School High Regular 865 39 2

Grant Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 25
1
GreatSchools Rating

Dejean Middle School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 23
1
GreatSchools Rating

Kennedy High School

  • Education Level: High
  • # of students: 865
  • # of teachers: 39
2
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,841
Property Tax -$551
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
-$282

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.

$499,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 15.0%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$26,238

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
  • $2,374

    COMP ESTIMATED VALUE
  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,400
$2,400
RENT COMPS ANALYSIS
  • 2370 Gaynor Ave Richmond, CA 1
    • 3 beds 1 baths ∙ 1,006 Sqft ∙ Built 1924 3 beds 1 baths ∙ 1,006 Sqft ∙ Built 1924
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Bissell 402 Richmond, CA 2
    • 3 beds 2 baths ∙ 900 Sqft ∙ Built 1919 3 beds 2 baths ∙ 900 Sqft ∙ Built 1919
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.56
    •  
  • 2410 Greenwood Dr San Pablo, CA 3
    • 3 beds 1 baths ∙ 1,112 Sqft ∙ Built 1943 3 beds 1 baths ∙ 1,112 Sqft ∙ Built 1943
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.16
    •  
PROPERTY LISTING DETAILS
Chrissy Kim
Dolan Realty Company
BESbswy