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580 Via Pacheco San Lorenzo, CA 94580

3 Beds 2 Baths 1,408 sqft Built 1944

INVESTimate

$750,000

List Price

$2,750

$2,500 - $3,000

Rent Est.

$832,125  ( +10.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1944
  • Price/Sqft : $532.67
  • 3 Days on Market
  • MLS # : CC40911679
  • Updated Date : 08/25/2020 at 17:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Beautifully updated and meticulously maintained expanded bungalow in San Lorenzo Village. Open floor plan featuring gleaming hardwood floors, French doors and a gorgeous recently renovated bathroom create a charming, warm atmosphere. The perfectly manicured front yard offers exceptional curb appeal. Easy maintenance backyard a large patio and raised garden planting beds the ideal place to putter, relax or entertain. Side access for RV/Boat. 15 energy efficient solar panels. Newer HVAC system. Freshly painted interior and exterior. Move-in ready! Excellent commute location with easy access to Hwys 880, 238, 580 as well as BART, the Oakland Airport and San Mateo Bridge. Close to shopping, restaurants and community amenities.

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PRICE & RENT TRENDS

Neighborhood: San Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1024k

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

Neighborhood: San Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Grant Elementary School Primary Regular 406 17 3
Washington Manor Middle School Middle Regular 873 38 4
Arroyo High School High Regular 1,784 78 7

Grant Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 17
3
GreatSchools Rating

Washington Manor Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 38
4
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 78
7
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,475$3,025$2,750

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

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 $2,750
EXPENSES Loan Payment -$2,767
Property Tax -$847
Property Insurance -$61
HOA -$135
Property Management Fees -$149
CASH FLOW
-$1,209

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.

$750,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.95%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $2,925

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8753$2,9004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 580 Via Pacheco San Lorenzo, 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1944
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.95
    •  
  • 1786 Via Chorro San Lorenzo, 2
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1956
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.96
    •  
  • 15966 Saint Johns Dr San Lorenzo, 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 15503 Montreal St San Leandro, 4
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
  • 1651 Via Chorro San Lorenzo, 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
PROPERTY LISTING DETAILS
Debra Rebhahn
Compass
BESbswy