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5651 Cold Water Dr Castro Valley, CA 94552

4 Beds 2 Baths 1,669 sqft Built 1965

$1,099,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $658.48
  • 3 Days on Market
  • MLS # : BE40929922
  • Updated Date : 11/21/2020 at 07:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

The Agency

Listing Agent's Description

Fabulous single story situated in a highly desirable neighborhood in Castro Valley just off Crow Canyon, sits a remodeled gem ready to move right in. This spacious open floor plan has it all: 4 bedrooms, 2 baths, 1669 square feet, and is set on a beautiful private and serene .24 acre lot. Some of the features that highlight this spectacular home: Hardwood flooring, remodeled chef's kitchen w/granite countertops, large center island, new stainless LG refrigerator, recessed lighting, new interior paint, dual pane windows, newer AC, pool, spa with pergola, new pool pump, nest thermostat & doorbell, electric car charger, new concrete paver deck, outdoor speakers, & turf in rear yard. Relish in the private backyard oasis perfect for relaxing by the pool or spa after a long day of "zooms" or remote learning. Don't miss this opportunity to own in a sought after community w/top rated schools, parks & walking trails, restaurants, shopping, & easy access to all commute routes. Don't miss!

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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
 

$989,100$1,208,900$1,099,000

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 -$4,055
Property Tax -$1,214
Property Insurance -$67
Property Management Fees -$165
CASH FLOW
-$2,141

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.

$1,099,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.31%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$61

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $3,488

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$3,360
1$3,3602$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
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $2.01
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.06
    •  
PROPERTY LISTING DETAILS
Jill Fusari
The Agency
BESbswy