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2650 Alhambra Pinole, CA 94564

4 Beds 2 Baths 1,788 sqft Built 1968

$699,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $390.94
  • 2 Days on Market
  • MLS # : CC40932677
  • Updated Date : 12/26/2020 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Security Pacific Real Estate

Listing Agent's Description

Original owner selling this beautiful single story property on one of the finest streets in Pinole Valley. Wonderful views of the valley ant the Pinole-El Sobrante Ridge. Original 4 bedroom converted to family bonus area, easy to convert back. Dual pane windows and plantation shutters throughout. Large lot with level backyard and deck for entertaining and enjoyment. Possible off-street parking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinole Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $230k1053k

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

Neighborhood: Pinole Valley

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
Ellerhorst Elementary School Primary Regular 379 17 4
Ellerhorst Elementary School Middle Regular 379 17 4
Pinole Valley High School High Regular 1,205 54 4

Ellerhorst Elementary School

  • Education Level: Primary
  • # of students: 379
  • # of teachers: 17
4
GreatSchools Rating

Ellerhorst Elementary School

  • Education Level: Middle
  • # of students: 379
  • # of teachers: 17
4
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

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

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,579
Property Tax -$841
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$610

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

$3,030

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.0%
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$2.5M

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$2.5M

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

2.42

YEARS SAVED

$15,311

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
  • $2,999

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9004$2,9505$3,250
$3,250
RENT COMPS ANALYSIS
  • 2650 Alhambra Pinole, CA 1
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2035 Pheasant Dr Hercules, CA 2
    • 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1981
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.41
    •  
  • 5566 Woodview Dr Richmond, CA 3
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1988
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.69
    •  
  • 4612 Meadowbrook Dr Richmond, CA 4
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1961
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.81
    •  
  • 2931 Cindy Ct Richmond, CA 5
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1963
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.80
    •  
PROPERTY LISTING DETAILS
Gary Torretta
Security Pacific Real Estate
BESbswy