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2472 Mahan Way San Pablo, CA 94806

4 Beds 2 Baths 1,331 sqft Built 1964

$529,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $397.45
  • 8 Days on Market
  • MLS # : EB40932132
  • Updated Date : 01/14/2021 at 16:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,331 sqft
  • Baths : 2 full
Listing Agent

Sobrante Hills Realty

Listing Agent's Description

All original mid century rancher. Offered for sale "AS IS" by the original Owner. The home has a good amount of deferred maintenance. Double shed in side yard was used as a work shop for many years. Rock Starfish was done by Owner over a long period of time stone by stone.

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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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,837
Property Tax -$640
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$46

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.

$529,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.50%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$43,736

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
  • $2,509

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,795
$2,795
RENT COMPS ANALYSIS
  • 2472 Mahan Way San Pablo, CA 1
    • 4 beds 2 baths ∙ 1,331 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,331 Sqft ∙ Built 1964
    • 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
    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
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.88
    •  
PROPERTY LISTING DETAILS
Scott Maskell
Sobrante Hills Realty
BESbswy