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2901 Wiswall Dr Richmond, CA 94806

3 Beds 2 Baths 1,047 sqft Built 1963

$529,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $505.25
  • 2 Days on Market
  • MLS # : EB40930500
  • Updated Date : 11/28/2020 at 21:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,047 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Wonderful level-in home in Richmond's Fairmede-Hilltop neighborhood! Situated on a spacious lot, this well-maintained rancher on a tree-lined street is the perfect starter home. With fresh interior paint throughout, it features hardwood floors, a wood burning fireplace, new quartz kitchen countertops, and a sizable backyard ideal for outdoor entertaining and fun in the sun. Conveniently located just minutes to Highway 80.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairmede-Hilltop

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1027k

* 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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,952
Property Tax -$589
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$382

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.

$529,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.45%

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-$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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,818

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
  • $1,953

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,300
$2,300
RENT COMPS ANALYSIS
  • 2901 Wiswall Dr Richmond, CA 1
    • 3 beds 2 baths ∙ 1,047 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,047 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 981 Palmer Ave San Pablo, CA 2
    • 3 beds 1 baths ∙ 1,046 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,046 Sqft ∙ Built 1955
    property image
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.72
    •  
  • 3136 Deseret Dr Richmond, CA 3
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.01
    •  
PROPERTY LISTING DETAILS
Angelito Raymundo
Compass
BESbswy