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5213 Buckboard Way Richmond, CA 94803

4 Beds 2 Baths 2,051 sqft Built 1986

INVESTimate

$765,000

List Price

$3,490

$3,240 - $3,740

Rent Est.

$849,380  ( +11.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $372.99
  • 8 Days on Market
  • MLS # : CC40915912
  • Updated Date : 08/23/2020 at 20:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,051 sqft
  • Baths : 2 full
Listing Agent

Sequoia Real Estate

Listing Agent's Description

This stunning 4-bed, 2-bath house in the Carriage Hills area of Richmond has everything you desire. It has been meticulously maintained and freshly painted, with hardwood flooring in the living room and dining room and reengineered bamboo in the bedrooms. All four bedrooms are large, and the master ensuite walk-in can be used as a home office or nursery. No need to sacrifice clothing storage, either-there's an additional closet! Showers in both bathrooms have been updated with full glass doors. A gas fireplace in the family room and air-conditioning keep this home comfortable in the full spectrum of East Bay weather. The formal living room features a built-in wet bar. The open kitchen has lots of light. The star of the backyard is a hot tub with updated piping, computerized controls, and a serene vista of hills and trees. A mature Japanese maple, fruit trees, blooming rose trees and generous lawn add a park-like feel. The 2-car garage features tons of built-in storage. Welcome Home!

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PRICE & RENT TRENDS

Neighborhood: Carriage Hills North

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $220k1360k

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

Neighborhood: Carriage Hills North

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
Olinda Elementary School Primary Regular 329 14 6
Olinda Elementary School Middle Regular 329 14 6
De Anza High School High Regular 1,263 54 3

Olinda Elementary School

  • Education Level: Primary
  • # of students: 329
  • # of teachers: 14
6
GreatSchools Rating

Olinda Elementary School

  • Education Level: Middle
  • # of students: 329
  • # of teachers: 14
6
GreatSchools Rating

De Anza High School

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

$688,500$841,500$765,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$2,823
Property Tax -$852
Property Insurance -$77
HOA -$300
Property Management Fees -$171
CASH FLOW
-$732

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.

$765,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.03%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$11,389

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,453

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9503$3,4904$3,495
$3,495
RENT COMPS ANALYSIS
  • 5213 Buckboard Way Richmond, 3
    • 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $1.70
    •  
  • 5566 Woodview Dr Richmond, 1
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1988
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.69
    •  
  • 5545 Deer Run Dr El Sobrante, 2
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1989
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.68
    •  
  • 5482 San Pablo Dam Rd El Sobrante, 4
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1966
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.68
    •  
PROPERTY LISTING DETAILS
Shallon Santiago
Sequoia Real Estate
BESbswy