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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Central Castro Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Castro Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$243,985
LOAN DETAILS
$3,317
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $224,750 |
| Loan Amount | $674,250 |
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
-
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
Exp Realty Of California
