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2610 Maricopa Ave Richmond, CA 94804

2 Beds 1 Baths 1,071 sqft Built 1947

INVESTimate

$499,500

List Price

$2,370

$2,133 - $2,607

Rent Est.

$574,275  ( +14.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $466.39
  • 8 Days on Market
  • MLS # : EB40917309
  • Updated Date : 08/21/2020 at 12:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,071 sqft
  • Baths : 1 full
Listing Agent

Red Oak Realty

Listing Agent's Description

Charming bungalow with updated kitchen with lots of cabinets and quartz countertops. Updated bath with refinished tub, newly refinished hardwood floors, recessed lighting added in living room, dual pane windows, garage with interior access and extra storage platform below ceiling. Huge fenced level backyard perfect for pets, garden, or relaxing. Sewer lateral compliant. Alarm, washer, dryer, gas stove and refrigerator stay. Low maintenance front landscaping added. Fireplace i living room. Good size rooms. Del Norte BART only 1.1 miles per Google Maps.

SEE MORE

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
Ford Elementary School Primary Regular 474 19 2
Ford Elementary School Middle Regular 474 19 2
Richmond High School High Regular 1,486 68 2

Ford Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 19
2
GreatSchools Rating

Ford Elementary School

  • Education Level: Middle
  • # of students: 474
  • # of teachers: 19
2
GreatSchools Rating

Richmond High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 68
2
GreatSchools Rating
 

$449,550$549,450$499,500

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,843
Property Tax -$574
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$249

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.

$499,500

PROJECTED PRICE

$2,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.97%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,118

INVESTMENT

$138,118

Down Payment
$124,875
Rehab Estimate
$5,750
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,843

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$29,120

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
  • $2,417

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8504$2,290
$2,290
RENT COMPS ANALYSIS
  • 2610 Maricopa Ave Richmond, 1
    • 2 beds 1 baths ∙ 1,071 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,071 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5201 Riverside 4 San Pablo, 2
    • 2 beds 1 baths ∙ 795 Sqft ∙ Built 1963 2 beds 1 baths ∙ 795 Sqft ∙ Built 1963
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $2.13
    •  
  • 2370 Market San Pablo, 3
    • 2 beds 1 baths ∙ 850 Sqft ∙ Built 1958 2 beds 1 baths ∙ 850 Sqft ∙ Built 1958
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $2.18
    •  
  • 2726 Humphrey Ave Richmond, 4
    • 2 beds 1 baths ∙ 930 Sqft ∙ Built 1963 2 beds 1 baths ∙ 930 Sqft ∙ Built 1963
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $2.46
    •  
PROPERTY LISTING DETAILS
Lloyd Jung
Red Oak Realty
BESbswy