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418 Wood Glen Drive Richmond, CA 94806

5 Beds 4 Baths 3,604 sqft Built 2006

$928,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $257.49
  • 8 Days on Market
  • MLS # : BE40927175
  • Updated Date : 10/30/2020 at 19:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,604 sqft
  • Baths : 4 full
Listing Agent

Grobecker Holland Int'l

Listing Agent's Description

Welcome to 418 Wood Glen. One Largest and most luxury plan in Country Club Vista. Lot is near 7k. Over 3600 sq ft living space. This 5 bedroom plus model features elegant double entry door. Formal living room with vaulted ceiling. Spacious family room and upgraded window shutters. Gourmet kitchen with island and built in double oven. Granite counter top with full back splash. Bay window. One office and a guest room with full bath at first floor. Step into second floor. There is a large loft area. Luxury master suite. double entry door with addition room inside. huge walk in closet. Bay and golf view from all windows. Total 4 rooms+ and 3 full bath upstairs. Updated carpet. House always owner occupied and well maintained. Look at backyard. Paver patio and lot of water conserved plant can make your own plantation and all kind of entertainments. Convenient location near freeway, trail, shopping center and restaurants. Great opportunity for you and your loved ones.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hilltop District

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1092k

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

Neighborhood: Hilltop District

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543196

* 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
Montalvin Elementary School Primary Regular 419 18 5
Montalvin Elementary School Middle Regular 419 18 5
Pinole Valley High School High Regular 1,205 54 4

Montalvin Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 18
5
GreatSchools Rating

Montalvin Elementary School

  • Education Level: Middle
  • # of students: 419
  • # of teachers: 18
5
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$835,200$1,020,800$928,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,424
Property Tax -$1,121
Property Insurance -$114
HOA -$117
Property Management Fees -$179
CASH FLOW
-$1,295

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.

$928,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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$5.0k$10k$15k

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$251,670

INVESTMENT

$251,670

Down Payment
$232,000
Rehab Estimate
$5,750
Closing Costs
$13,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,000
Loan Amount $696,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,425

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
  • $4,253

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,050
$4,050
RENT COMPS ANALYSIS
  • 418 Wood Glen Drive Richmond, CA 1
    • 5 beds 4 baths ∙ 3,604 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,604 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3511 Park Ridge Dr Richmond, CA 2
    • 5 beds 4 baths ∙ 3,446 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,446 Sqft ∙ Built 2005
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.18
    •  
PROPERTY LISTING DETAILS
Qing Yong Zheng
Grobecker Holland Int'l
BESbswy