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2424 Otoole Way San Pablo, CA 94806

4 Beds 2 Baths 1,454 sqft Built 1970

$618,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $425.03
  • 3 Days on Market
  • MLS # : BE40929160
  • Updated Date : 11/13/2020 at 10:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Starnberg Realty Inc

Listing Agent's Description

Gorgeous single story home located in Tara Hills, Features: Court location, 4 bedrooms, 2 bathrooms, updated kitchen with stainless steel appliances, updated bathrooms, new roof, section 1 pest clearance, dual pane windows, 2 car garage, conveniently located near shopping centers, restaurants and easy freeway access.

SEE MORE

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
Shannon Elementary School Primary Regular 343 16 6
Shannon Elementary School Middle Regular 343 16 6
Pinole Valley High School High Regular 1,205 54 4

Shannon Elementary School

  • Education Level: Primary
  • # of students: 343
  • # of teachers: 16
6
GreatSchools Rating

Shannon Elementary School

  • Education Level: Middle
  • # of students: 343
  • # of teachers: 16
6
GreatSchools Rating

Pinole Valley High School

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

$556,200$679,800$618,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,280
Property Tax -$748
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$379

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.

$618,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.46%

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$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$169,520

INVESTMENT

$169,520

Down Payment
$154,500
Rehab Estimate
$5,750
Closing Costs
$9,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,500
Loan Amount $463,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$26,229

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
  • $3,058

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,7954$3,800
$3,800
RENT COMPS ANALYSIS
  • 2424 Otoole Way San Pablo, CA 1
    • 4 beds 2 baths ∙ 1,454 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,454 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2721 Sargent Ave San Pablo, CA 2
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 1420 Greenfield Cir Pinole, CA 3
    • 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1984
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.88
    •  
  • 120 Renfrew Court El Sobrante, CA 4
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1957
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.54
    •  
PROPERTY LISTING DETAILS
Sean Beattie
Starnberg Realty Inc
BESbswy