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480 Rincon Rd El Sobrante, CA 94803

3 Beds 2 Baths 1,244 sqft Built 1954

$599,950

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $482.27
  • 2 Days on Market
  • MLS # : CC40934561
  • Updated Date : 01/16/2021 at 19:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,244 sqft
  • Baths : 2 full
Listing Agent

Cole Real Estate

Listing Agent's Description

One level home in peaceful setting with mature trees. 3 bedrooms, 2 full bathrooms and partially finished basement. Living and dining rooms have vaulted exposed beam ceilings and hardwood flooring. Updated kitchen with granite counter tops and stainless steel appliances including a new gas stove. Hall bathroom has dual sink, tub and separate tiled stall shower. Bedrooms have hardwood flooring, raised panel doors and mirrored closet doors. Two of the bedrooms have sliding glass doors. Fresh interior paint, newer exterior paint in 2018 and roof replaced in 2016. Washer and dryer included. 2nd bathroom located in garage. There is a partially finished bonus room/basement with a closet. 2 car garage. Driveway is huge and can park 6+ cars. Multiple raised garden beds, a chicken coop and storage shed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Sobrante

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: El Sobrante

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Murphy Elementary School Primary Regular 489 22 5
Murphy Elementary School Middle Regular 489 22 5
De Anza High School High Regular 1,263 54 3

Murphy Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 22
5
GreatSchools Rating

Murphy Elementary School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 22
5
GreatSchools Rating

De Anza High School

  • Education Level: High
  • # of students: 1,263
  • # of teachers: 54
3
GreatSchools Rating
 

$539,955$659,945$599,950

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,084
Property Tax -$722
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$162

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.

$599,950

PROJECTED PRICE

$2,850

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$164,737

INVESTMENT

$164,737

Down Payment
$149,988
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,988
Loan Amount $449,963
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$37,039

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
  • $2,596

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,8954$3,150
$3,150
RENT COMPS ANALYSIS
  • 480 Rincon Rd El Sobrante, CA 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3136 Deseret Dr Richmond, CA 2
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.01
    •  
  • 5759 Nottingham Dr El Sobrante, CA 3
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1955
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $2.10
    •  
  • 3929 Hillcrest Rd El Sobrante, CA 4
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1951
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.15
    •  
PROPERTY LISTING DETAILS
April Largent
Cole Real Estate
BESbswy