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4723 Sorani Way Castro Valley, CA 94546

4 Beds 3 Baths 1,869 sqft Built 1963

$975,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $521.67
  • 3 Days on Market
  • MLS # : BE40928958
  • Updated Date : 11/14/2020 at 11:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,869 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Wonderful upper valley 4 bedroom, 2.5 bath home located on a quiet cul de sac in the Award Winning Castro Valley School district. Walk to Proctor school from this location. Light and bright thru out, large living room with brick fireplace, formal dining area, tile kitchen, and family room that opens to the large backyard. The home features dual pane windows and custom plantation shutters, freshly painted thru out, refinished hardwood floors, and a newly remodeled master bathroom. The spacious 10,200 sq foot lot offers a big back yard with a dog run, patio and new sod with automatic sprinklers. Don't miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Castro Valley Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Castro Valley Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$3,597
Property Tax -$1,088
Property Insurance -$72
Property Management Fees -$172
CASH FLOW
-$1,410

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.

$975,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.5%
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$3.5M

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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,789

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,3803$3,5004$3,5205$3,900
$3,900
RENT COMPS ANALYSIS
  • 4723 Sorani Way Castro Valley, CA 4
    • 4 beds 3 baths ∙ 1,869 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,869 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.88
    •  
  • 17532 Kingston Way Castro Valley, CA 1
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1954
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.11
    •  
  • 3766 Brookdale Blvd Castro Valley, CA 2
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $2.01
    •  
  • 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
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
  • 2755 Pineridge Rd Castro Valley, CA 5
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.95
    •  
PROPERTY LISTING DETAILS
Trish Radovich
Coldwell Banker Realty
BESbswy