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2844 Milo Way San Ramon, CA 94583

3 Beds 2 Baths 1,533 sqft Built 1967

$850,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $554.47
  • 52 Days on Market
  • MLS # : ML81817179
  • Updated Date : 12/12/2020 at 09:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,533 sqft
  • Baths : 2 full
Listing Agent

Infiniti Real Estate

Listing Agent's Description

Very nice ranch home in the best school district of San Ramon. Large step down living room with spacious dining area. Updated kitchen. Cozy family room with wood burning fireplace. Large corner lot, possible for RV parking. Minutes from everyday amenities and top rated schools.

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PRICE & RENT TRENDS

Neighborhood: Southern San Ramon

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Southern San Ramon

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714044

* 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
Neil Armstrong Elementary School Primary Regular 592 24 9
Pine Valley Middle School Middle Regular 1,006 37 9
California High School High Regular 2,639 107 10

Neil Armstrong Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 24
9
GreatSchools Rating

Pine Valley Middle School

  • Education Level: Middle
  • # of students: 1,006
  • # of teachers: 37
9
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 107
10
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,136
Property Tax -$858
Property Insurance -$64
Property Management Fees -$161
CASH FLOW
-$929

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.

$850,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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-$15k-$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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,538

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
  • $3,530

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,4004$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 2844 Milo Way San Ramon, CA 1
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3016 Montevideo Dr San Ramon, CA 2
    • 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.04
    •  
  • 2945 Springdale Ln San Ramon, CA 3
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1971
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.50
    •  
  • 3278 Montevideo Dr San Ramon, CA 4
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1976
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.20
    •  
  • 2846 Aptos Way San Ramon, CA 5
    • 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1978
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.47
    •  
PROPERTY LISTING DETAILS
Valerie Trang
Infiniti Real Estate
BESbswy