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2534 May Rd El Sobrante, CA 94803

3 Beds 3 Baths 2,415 sqft Built 1975

$988,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $409.11
  • 2 Days on Market
  • MLS # : CC40931771
  • Updated Date : 12/12/2020 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,415 sqft
  • Baths : 2 full , 1 half
Listing Agent

Security Pacific Real Estate

Listing Agent's Description

Are you looking for a unique home that offers it all? Look no further; this is it. The home sits on a large lot with surrounding views of the valley and hills. The home has a security gated entry, long driveway and plenty of off street parking. As you walk through the majestic front doors, you will be treated to a beautiful open kitchen and living room, surrounded by windows that allow plenty of natural light in. Just outside the living room is a spacious deck that surrounds a large portion of the home, enabling you to enjoy the amazing views in complete privacy. The upstairs provides three spacious bedrooms, one with its own full bathroom. The master bedroom suite has a large walk-in closet with plenty of room, a jetted tub and shower with three shower heads. As you walk downstairs, the magic begins. Here you will find a large rec room with a built in bar, a movie theater with an incredible sound system, home office, spare bedroom, bathroom, laundry, storage and exercise room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Sobrante

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: El Sobrante

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
Sheldon Elementary School Primary Regular 401 17 3
Sheldon Elementary School Middle Regular 401 17 3
De Anza High School High Regular 1,263 54 3

Sheldon Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 17
3
GreatSchools Rating

Sheldon Elementary School

  • Education Level: Middle
  • # of students: 401
  • # of teachers: 17
3
GreatSchools Rating

De Anza High School

  • Education Level: High
  • # of students: 1,263
  • # of teachers: 54
3
GreatSchools Rating
 

$889,200$1,086,800$988,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,645
Property Tax -$1,182
Property Insurance -$85
Property Management Fees -$179
CASH FLOW
-$1,442

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.

$988,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$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$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,570

INVESTMENT

$267,570

Down Payment
$247,000
Rehab Estimate
$5,750
Closing Costs
$14,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,000
Loan Amount $741,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$979

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
  • $4,118

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$3,998
$3,998
RENT COMPS ANALYSIS
  • 2534 May Rd El Sobrante, CA 1
    • 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5482 San Pablo Dam Rd El Sobrante, CA 2
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1966
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.68
    •  
  • 23 Bishop Pine Ln El Sobrante, CA 3
    • 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1965
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,998
    • $1.73
    •  
PROPERTY LISTING DETAILS
Steve Kendall
Security Pacific Real Estate
BESbswy