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4083 Wilson Ave Castro Valley, CA 94546

3 Beds 1 Baths 946 sqft Built 1955

$600,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $634.25
  • 4 Days on Market
  • MLS # : CC40928227
  • Updated Date : 11/05/2020 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 946 sqft
  • Baths : 1 full
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Build your own equity by renovating this centrally located Castro Valley home! This 3 bedroom, 1 bath home with converted garage is situated on a 5,050 sq ft level lot and is in need of a major remodel. Owned for many years by the original owners. Living room with gas fireplace insert, parkay flooring, eat-in kitchen, bath with shower over tub. Garage converted and has washer, dryer and door to side yard with patio and area for lawn or gardening.

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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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,214
Property Tax -$669
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$452

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.

$600,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$18,881

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
  • $2,125

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$2,6754$3,095
$3,095
RENT COMPS ANALYSIS
  • 4083 Wilson Ave Castro Valley, CA 1
    • 3 beds 1 baths ∙ 946 Sqft ∙ Built 1955 3 beds 1 baths ∙ 946 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3455 N Redwood Ct 4 Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1968
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.29
    •  
  • 20175 Wisteria St Castro Valley, CA 3
    • 3 beds 1 baths ∙ 1,031 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,031 Sqft ∙ Built 1969
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $2.59
    •  
  • 2433 Lyle Ct San Leandro, CA 4
    • 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1952
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.86
    •  
PROPERTY LISTING DETAILS
Catherine Brent
Bhhs Drysdale Properties
BESbswy