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505 Rincon Rd El Sobrante, CA 94803

3 Beds 2 Baths 1,745 sqft Built 1950

$675,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $386.82
  • 4 Days on Market
  • MLS # : EB40927107
  • Updated Date : 11/05/2020 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Almost country... on 1/3 of an acre... with room for your cars, cycles, work truck, RV, boat... this amazing property boast a spacious one-level rancher, handsomely renovated by it's contractor-owner in 2016 with gleaming hardwood floors, newer roof, baseboards, doors, dual pane windows, Berber-style carpet, updated kitchen w/ stainless gas stove & breakfast bar, central heat, closeted laundry, ceiling fans, skylights, and recently repainted interiors. There are 3 bedrooms & 2 full baths including owners' suite w/ adjoining deck, tile bathroom w/ Jacuzzi & small office. The family room features a wet bar, beverage fridge, and sliding glass doors to the paved side yard which doubles as expanded driveway and outdoor entertaining or play area. The detached 2-car garage has an adjoining workshop, and a newer storage shed behind it. The structures are sited on a level knoll above the road at the end of a long driveway, where they enjoy hill and valley views and a sense of privacy.

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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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,490
Property Tax -$812
Property Insurance -$69
Property Management Fees -$157
CASH FLOW
-$328

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.

$675,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.47%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$35,743

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 505 Rincon Rd El Sobrante, CA
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Carla Della Zoppa
Compass
BESbswy