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4358 James Ave Castro Valley, CA 94546

3 Beds 2 Baths 1,368 sqft Built 1938

$880,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $643.27
  • 5 Days on Market
  • MLS # : BE40934178
  • Updated Date : 01/13/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Litvinchuk Real Estate

Listing Agent's Description

Lovely 3 Bedroom 2 Bath Castro Valley Home. 1 Bedroom & 1 Bath Downstairs + 2 Bedrooms & 1 Bath Upstairs. Living Room with Corner Ben Franklin Style Fireplace. Formal Dining Room with French Doors to Yard. Updated Kitchen with Ample Shaker Style Cabinets + Glass Door Cabinets, Granite Counters, Tile Backsplash, Built-in Desk, Gas Stove, Refrigerator, Dishwasher & Microwave Garage. Main Hall Bath Updated. Mud Room. Large Basement with Washer & Dryer Included. Dual Pane Windows + Wood Shutters in Living Room. Back Yard with Tile Patio Area. Approx. One Third Mile to Castro Valley High School. Easy Access to Freeways, Shopping, Parks, Post Office, Library, Restaurants,Castro Valley B.A.R.T., Golf Course & More.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho san Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Rancho san Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16153863

* 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
Proctor Elementary School Primary Regular 532 22 9
Canyon Middle School Middle Regular 1,400 59 7
Castro Valley High School High Regular 2,977 119 9

Proctor Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 22
9
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
 

$792,000$968,000$880,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,057
Property Tax -$982
Property Insurance -$60
Property Management Fees -$155
CASH FLOW
-$1,093

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.

$880,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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-$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$238,950

INVESTMENT

$238,950

Down Payment
$220,000
Rehab Estimate
$5,750
Closing Costs
$13,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,057

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $220,000
Loan Amount $660,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,895

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
  • $3,224

    COMP ESTIMATED VALUE
  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3504$4,000
$4,000
RENT COMPS ANALYSIS
  • 4358 James Ave Castro Valley, CA 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1938
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4175 Veronica Avenue Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1957
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.41
    •  
  • 4645 Alma Ave Castro Valley, CA 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1947
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.30
    •  
  • 18660 Almond Rd Castro Valley, CA 4
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1940
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.36
    •  
PROPERTY LISTING DETAILS
Paul Litvinchuk
Litvinchuk Real Estate
BESbswy