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5651 Cold Water Dr Castro Valley, CA 94552

4 Beds 2 Baths 1,669 sqft Built 1965

$1,188,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $711.80
  • 3 Days on Market
  • MLS # : MR40928333
  • Updated Date : 11/07/2020 at 08:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Marketing Masters Realty Group

Listing Agent's Description

Hurry! Offers due on 5651 Cold Water Drive by November 14, 2020 at 10:00am. This home has all the bells and whistles. Single level home offers open floor plan, hardwood floors, updated kitchen with granite counter tops and stainless appliances, recessed lighting, new interior paint, dual pane windows, gas fireplace, off street parking, in ground pool, new AC installed 2016, new pool pump, Nest thermostat, Nest Doorbell, PHin Smart pool and spa Monitor, Rachio Smart Sprinklers System, new pergola, ChargePoint EV Charger, new concrete paver deck, outdoor speakers, and turf in back yard.

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PRICE & RENT TRENDS

Neighborhood: Ridges

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1324k

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

Neighborhood: Ridges

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
Independent Elementary School Primary Regular 625 24 8
Canyon Middle School Middle Regular 1,400 59 7
Castro Valley High School High Regular 2,977 119 9

Independent Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 24
8
GreatSchools Rating

Canyon Middle School

  • Education Level: Middle
  • # of students: 1,400
  • # of teachers: 59
7
GreatSchools Rating

Castro Valley High School

  • Education Level: High
  • # of students: 2,977
  • # of teachers: 119
9
GreatSchools Rating
 

$1,069,200$1,306,800$1,188,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$4,383
Property Tax -$1,312
Property Insurance -$67
Property Management Fees -$165
CASH FLOW
-$2,568

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.

$1,188,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.28%

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 5.09%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,570

INVESTMENT

$320,570

Down Payment
$297,000
Rehab Estimate
$5,750
Closing Costs
$17,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,000
Loan Amount $891,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$21

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
  • $3,488

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,0004$4,150
$4,150
RENT COMPS ANALYSIS
  • 5651 Cold Water Dr Castro Valley, CA 1
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18865 W Cavendish Drive Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1978
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
  • Greenridge Rd Castro Valley, CA 3
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1960
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.17
    •  
  • Crown Ct Castro Valley, CA 4
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1960
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.06
    •  
PROPERTY LISTING DETAILS
Carol Long
Marketing Masters Realty Group
BESbswy