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2612 Barnard St Richmond, CA 94806

3 Beds 2 Baths 1,228 sqft Built 1960

$500,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $407.17
  • 2 Days on Market
  • MLS # : CC40933737
  • Updated Date : 01/09/2021 at 11:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,228 sqft
  • Baths : 2 full
Listing Agent

Better Homes And Gardens Rp

Listing Agent's Description

Super sweet! , almost original! wonderful area! great location, clean, gorgeous hardwood flooring, large rooms, Living room & Family room! breakfast bar/island, gas stove, dual pane windows, private setting , low maintenance yard, 2 car garage, RV access too! Yes needs TLC , fixer, handyman special, sweat equity

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairmede-Hilltop

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $193k1027k

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

Neighborhood: Fairmede-Hilltop

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
Highland Elementary School Primary Regular 477 18 4
Highland Elementary School Middle Regular 477 18 4
De Anza High School High Regular 1,263 54 3

Highland Elementary School

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 18
4
GreatSchools Rating

Highland Elementary School

  • Education Level: Middle
  • # of students: 477
  • # of teachers: 18
4
GreatSchools Rating

De Anza High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,737
Property Tax -$557
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
$231

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.

$500,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$70,411

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
  • $2,395

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,650
$2,650
RENT COMPS ANALYSIS
  • 2612 Barnard St Richmond, CA 1
    • 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3136 Deseret Dr Richmond, CA 2
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.01
    •  
  • 2721 Sargent Ave San Pablo, CA 3
    • 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
    •  
PROPERTY LISTING DETAILS
Rose Brudigam
Better Homes And Gardens Rp
BESbswy