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514 Falcon Way Hercules, CA 94547

3 Beds 2 Baths 1,377 sqft Built 1985

$615,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $446.62
  • 5 Days on Market
  • MLS # : EB40933376
  • Updated Date : 01/09/2021 at 11:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,377 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This single-level home is located in the desirable Birds neighborhood. Its versatile floor plan is designed for modern living and entertaining. There is a spacious front room, living room, a dining area; the gourmet kitchen has been updated with granite counters, wood cabinets, GE Cafe refrigerator, stainless steel appliances, a good size eat-in area & a sliding door to the backyard. The two bedrooms each with big closets, share a well appointed updated bathroom. The third bedroom, a delightful master suite has double vanities in its private bathroom. The backyard is accessible from several areas in the house with views of rolling hills and open space. Enjoy entertaining around the swimming pool, heated with ambient solar panels. Mature Italian Cypress trees line the rear fence creating a sense of privacy. Other features include Laminate flooring, dual-pane windows, skylights, fireplace, and newer central heating system. Interior access to a two-car garage.

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PRICE & RENT TRENDS

Neighborhood: The Birds

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1100k

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

Neighborhood: The Birds

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Hanna Ranch Elementary School Primary Regular 474 19 5
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Hanna Ranch Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 19
5
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,136
Property Tax -$724
Property Insurance -$60
Property Management Fees -$152
CASH FLOW
$28

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.

$615,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$57,552

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
  • $3,098

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$3,1494$3,200
$3,200
RENT COMPS ANALYSIS
  • 514 Falcon Way Hercules, CA 1
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7 Plateau Ct Hercules, CA 2
    • 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 160 Sparrow Dr Hercules, CA 3
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1979
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,149
    • $2.29
    •  
  • 217 Brighton St Hercules, CA 4
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1985
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.79
    •  
PROPERTY LISTING DETAILS
Adrienne Broche
Coldwell Banker Realty
BESbswy