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426 James St Livermore, CA 94551

5 Beds 3 Baths 1,470 sqft Built 1954

$749,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $509.52
  • 5 Days on Market
  • MLS # : BE40926772
  • Updated Date : 10/30/2020 at 22:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,470 sqft
  • Baths : 3 full
Listing Agent

Maxreal

Listing Agent's Description

A beautifully remodeled 5-bedroom home! Kitchen has brand new cabinets, quartz countertops, and stainless-steel appliances. New laminate floor and baseboard, new dual pane windows and lighting fixtures (including recess lights), newly painted interior & exterior walls, throughout the house. Updated bathrooms, new garage door. The 5th bedroom (with one bath), which is an extension with new roof, has separate entry and can be used as a guest suite or master suite. The backyard has mature fruit trees, a garden with nice lawn and flowers, and features a big patio. An entertainer's paradise for hosting gatherings any time of year...in close proximity to Livermore's new May Nissen Community Park, the 12.2-acre park includes the May Nissen Swim Center, basketball courts, swimming pool and more. Conveniently located near downtown Livermore, wineries and hiking trails. This home is a gem in this price range! Cozy and move-in ready, you will not want to miss it!

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PRICE & RENT TRENDS

Neighborhood: Northside Livermore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1016k

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

Neighborhood: Northside Livermore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13963195

* 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
Junction Avenue K-8 School Primary Regular 872 39 4
Junction Avenue K-8 School Middle Regular 872 39 4
Granada High School High Regular 2,017 85 8

Junction Avenue K-8 School

  • Education Level: Primary
  • # of students: 872
  • # of teachers: 39
4
GreatSchools Rating

Junction Avenue K-8 School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 39
4
GreatSchools Rating

Granada High School

  • Education Level: High
  • # of students: 2,017
  • # of teachers: 85
8
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,763
Property Tax -$854
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$1,000

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.

$749,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,004

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,830
1$2,8302$3,0003$3,2004$3,550
$3,550
RENT COMPS ANALYSIS
  • 426 James St Livermore, CA 1
    • 5 beds 3 baths ∙ 1,470 Sqft ∙ Built 1954 5 beds 3 baths ∙ 1,470 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.93
    •  
  • 807 Crane Livermore, CA 2
    • 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 1960
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.97
    •  
  • 1146 Aberdeen Ave Livermore, CA 3
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1957
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.12
    •  
  • 737 Canterbury Ave. Livermore, CA 4
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1967
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.04
    •  
PROPERTY LISTING DETAILS
Grace Hu
Maxreal
BESbswy