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5448 S Saddleback Ct. Richmond, CA 94803

4 Beds 3 Baths 3,137 sqft Built 1990

INVESTimate

$799,000

List Price

$3,570

$3,320 - $3,820

Rent Est.

$877,702  ( +9.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $254.70
  • 4 Days on Market
  • MLS # : MR40917014
  • Updated Date : 08/25/2020 at 10:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,137 sqft
  • Baths : 3 full
Listing Agent

Burton Real Estate

Listing Agent's Description

By Appointment only until further notice.Please observed COVID protocols, send PEAD before viewing. Go ahead and show, sellers are very motivated.This house have a lot of upgrades, backyard, front and both sides are fully landscaped.It's designed as a tri-level/three stories and have a room at the bottom floor.Floors are upgraded.Over all this house is beautiful, great neighborhood.Newly painted inside and outside. Tucked in between two cities.Close to 3 major freeways,I80, I680 and Highway 4.

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PRICE & RENT TRENDS

Neighborhood: Carriage Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $220k1389k

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

Neighborhood: Carriage Hills South

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,213$3,927$3,570

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 $3,570
EXPENSES Loan Payment -$2,948
Property Tax -$995
Property Insurance -$103
HOA -$90
Property Management Fees -$175
CASH FLOW
-$740

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.

$799,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.85%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$13,351

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
  • $3,764

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,495
$3,495
RENT COMPS ANALYSIS
  • 5448 S Saddleback Ct. El Sobrante, 1
    • 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2505 Pfeiffer Way Pinole, 2
    • 5 beds 3 baths ∙ 2,921 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,921 Sqft ∙ Built 1991
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.20
    •  
PROPERTY LISTING DETAILS
Evelyn Santiago
Burton Real Estate
BESbswy