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3663 May Rd Richmond, CA 94803

4 Beds 3 Baths 2,585 sqft Built 1979

$785,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $303.68
  • 5 Days on Market
  • MLS # : EB40927488
  • Updated Date : 11/02/2020 at 15:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

Originally built by Donald Bren in 1978-1979 as a two bedroom, two bath house (with a bonus room currently configured as an office), the seller added a separate wing with another large bedroom, a second living/family room, and a spacious bed & bath suite upstairs. There's ample storage and room for a sitting area there, plus a lovely view over the May Valley and Mount Tamalpais. A generous, level patio shaded by a Japanese Maple, mature drought-tolerant shrubs with irrigation, and beautiful stone mulch makes indoor-outdoor living easy. With new paint, updated flooring and lighting throughout, this well-maintained home is waiting for you and yours.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: May Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $220k1030k

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

Neighborhood: May 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
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
 

$706,500$863,500$785,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$2,896
Property Tax -$939
Property Insurance -$89
Property Management Fees -$188
CASH FLOW
-$282

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.

$785,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$51,908

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,830

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,787

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,8303$3,998
$3,998
RENT COMPS ANALYSIS
  • 3663 May Rd Richmond, CA 2
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $1.48
    •  
  • 2505 Pfeiffer Way Pinole, CA 1
    • 5 beds 3 baths ∙ 2,921 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,921 Sqft ∙ Built 1991
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.20
    •  
  • 23 Bishop Pine Ln El Sobrante, CA 3
    • 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
Joann Sullivan
The Grubb Co. Inc.
BESbswy