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265 Sparrow Drive Hercules, CA 94547

4 Beds 2 Baths 1,773 sqft Built 1980

$699,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $394.25
  • 2 Days on Market
  • MLS # : MR40927788
  • Updated Date : 11/02/2020 at 21:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,773 sqft
  • Baths : 2 full
Listing Agent

Villarin Homes Realty

Listing Agent's Description

A charming single family home with 4 bedrooms and 2 baths in the 'Birds' neighborhood of Hercules. This property features high ceiling in the living room and dining combo rooms, newly installed luxury laminate flooring throughout, double-paned windows, 2-car garage, newer SS kitchen appliances, fireplace and lots of natural lighting! Good sized backyard for entertainment, shed for additional storage and side of property has large area for added parking. Close to all amenities and minutes away to HWY 80.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Birds

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1100k

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

Neighborhood: The Birds

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Hanna Ranch Elementary School Primary Regular 474 19 5
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Hanna Ranch Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 19
5
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,579
Property Tax -$823
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$640

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.

$699,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,695

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
  • $2,730

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,800
$2,800
RENT COMPS ANALYSIS
  • 265 Sparrow Drive Hercules, CA 1
    • 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7 Plateau Ct Hercules, CA 2
    • 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 2035 Pheasant Dr Hercules, CA 3
    • 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1981
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.41
    •  
PROPERTY LISTING DETAILS
Eleanor Villarin
Villarin Homes Realty
BESbswy