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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $488.12
- 3 Days on Market
- MLS # : CC40932344
- Updated Date : 12/18/2020 at 16:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,356 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass
Listing Agent's Description
Wonderful Castro Valley Hills home with its own backyard oasis! This spacious 4 Bed 2.5 Bath home is situated on a 13,680 sf lot with a private and tranquil backyard including pool & spa. First time on market in 20+ years, a little TLC will make this home shine! Pass by your Japanese garden to enter the home, where the first floor solarium addition is a perfect way to immerse yourself in nature while remaining in the comfort of your own living room. With a spacious family room, formal dining room, and kitchen/living combo, there's plenty of room to entertain here. Enjoy your morning coffee/tea under the sun in the bump out kitchen addition. The second floor includes the master suite overlooking the pool along with 3 more bedrooms and full bath. Huge backyard deck is the perfect place to host a summer pool party. Located in the hills off of Crow Canyon Rd, just minutes to downtown CV, shopping, restaurants, CV schools & more. With owned solar, this home has everything you need!
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PRICE & RENT TRENDS
Neighborhood: Ridges
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridges
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,190 |
| EXPENSES | Loan Payment | -$4,243 |
| Property Tax | -$1,270 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$205 | |
|
CASH FLOW
-$1,613
|
||
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.
$1,150,000
PROJECTED PRICE
$4,190
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$310,500
LOAN DETAILS
$4,243
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $287,500 |
| Loan Amount | $862,500 |
0.42
YEARS SAVED
$1,664
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,571
COMP ESTIMATED VALUE -
$1.94
COMP AVG. RENT PER SQFT
Comps Range
-
5815 Cold Water Dr Castro Valley, CA 1
- 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6525 Bellhurst Castro Valley, CA 2
- 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987
LEASED 09/16/20- Rent
- Rent Per SQFT
- $3,995
- $1.82
-
Crown Ct Castro Valley, CA 3
- 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
Compass
