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3685 Parsons Ct Castro Valley, CA 94546

3 Beds 2 Baths 1,372 sqft Built 1975

$899,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $655.25
  • 5 Days on Market
  • MLS # : BE40927505
  • Updated Date : 10/31/2020 at 10:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California

Listing Agent's Description

Rare opportunity to own a beautiful updated home in Castro Valley at such a price in the area! This home provides a level of tranquility that you would love to enjoy every day. Great location within short distance to top rated Elementary School, Junior High, and High School. Bright and airy. Living/dining room with fireplace/bbq pit. Updated kitchen with marble countertops, ss appliances, and bamboo floors. Upgraded master bedroom with custom mahogany him & hers storage units on wall. Updated master bath including laminate floors, dual pane window, backsplash w/ new sink fixture. Located minutes away from Al's Market, CV Community Center, Lake Chabot, and Downtown! Easy access to Highway 580 and 238.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Castro Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $264k1078k

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

Neighborhood: Central Castro Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16333863

* 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
Chabot Elementary School Primary Regular 451 17 8
Canyon Middle School Middle Regular 1,400 59 7
Castro Valley High School High Regular 2,977 119 9

Chabot Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 17
8
GreatSchools Rating

Canyon Middle School

  • Education Level: Middle
  • # of students: 1,400
  • # of teachers: 59
7
GreatSchools Rating

Castro Valley High School

  • Education Level: High
  • # of students: 2,977
  • # of teachers: 119
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$3,317
Property Tax -$1,003
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$1,739

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.

$899,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.3%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$54

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $2,284

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$2,7903$3,500
$3,500
RENT COMPS ANALYSIS
  • 3685 Parsons Ct Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $2.03
    •  
  • 3455 N Redwood Ct 4 Castro Valley, CA 1
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1968
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.29
    •  
  • 18865 W Cavendish Drive Castro Valley, CA 3
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1978
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
PROPERTY LISTING DETAILS
Michael Sayage
Exp Realty Of California
BESbswy