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3449 Stewarton Dr Richmond, CA 94803

4 Beds 3 Baths 1,980 sqft Built 1962

INVESTimate

$768,888

List Price

$3,500

$3,250 - $3,750

Rent Est.

$840,933  ( +9.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $388.33
  • 2 Days on Market
  • MLS # : BE40911557
  • Updated Date : 08/25/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Tri-valley

Listing Agent's Description

Here is your chance!! Buyer could not get their loan approved! This is the family home you have been waiting for is now available in the El Sobrante Hills. You will love this spacious home that has been completely remodeled. Stunning kitchen with new cabinets, granite counter tops, stainless steel appliances. Very spacious floor plan with gleaming hardwood floors. Upstairs offers a huge bonus room, full bathroom, and sauna. Possible for an in law set up, office, or big family simply needing the extra space. Extremely private backyard with a beautiful lawn to play sports on. Mature trees to provide excellent shade. The home is located on a quiet street in a excellent neighborhood. Hurry this home will not last long!

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PRICE & RENT TRENDS

Neighborhood: May Valley

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $198k1030k

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

Neighborhood: May Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15173193

* 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
Valley View Elementary School Primary Regular 320 14 5
Valley View Elementary School Middle Regular 320 14 5
De Anza High School High Regular 1,263 54 3

Valley View Elementary School

  • Education Level: Primary
  • # of students: 320
  • # of teachers: 14
5
GreatSchools Rating

Valley View Elementary School

  • Education Level: Middle
  • # of students: 320
  • # of teachers: 14
5
GreatSchools Rating

De Anza High School

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

$691,999$845,777$768,888

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,837
Property Tax -$929
Property Insurance -$75
Property Management Fees -$172
CASH FLOW
-$512

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.

$768,888

PROJECTED PRICE

$3,500

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.37%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,505

INVESTMENT

$209,505

Down Payment
$192,222
Rehab Estimate
$5,750
Closing Costs
$11,533

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,222
Loan Amount $576,666
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$28,289

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
  • $3,480

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$2,9504$3,2505$3,998
$3,998
RENT COMPS ANALYSIS
  • 3449 Stewarton Dr Richmond, 1
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2314 Helena Ct Pinole, 2
    • 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1955
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.69
    •  
  • 4612 Meadowbrook Dr Richmond, 3
    • 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, 4
    • 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
    •  
  • 23 Bishop Pine Ln El Sobrante, 5
    • 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1965
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,998
    • $1.73
    •  
PROPERTY LISTING DETAILS
Daniel Gamache
Keller Williams Tri-valley
BESbswy