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5852 Cold Water Castro Valley, CA 94552

4 Beds 3 Baths 2,228 sqft Built 1974

$1,288,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $578.10
  • 7 Days on Market
  • MLS # : BE40931997
  • Updated Date : 12/30/2020 at 17:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

Turnkey home near the top of Cold Water Dr. is an ultimate family retreat featuring refinished pool & spa w/upgraded equipment & solar heating. Private backyard offers multiple entertainment areas, view decks, and covered patio for year-round enjoyment. Home was expanded to include a generous laundry room & finished third car garage w/sink & storage - offering potential to increase living area. Living and dining rooms access the backyard & feature a stone-faced fireplace. Remodeled kitchen w/granite counters, gas cooktop, two full-size ovens, bay-window breakfast room are all open to the expansive family room w/corner office nook. Upstairs are 4 bedrooms w/generous closets and large master suite. Extensive upgrades include remodeled baths, upgraded furnace/AC, dual-paned windows, crown mouldings, recessed lighting & ceiling fans. Mature landscaping features 2 large fruit bearing avocado trees. Convenient to Cull Canyon, Crow Canyon Rec. areas, Greenridge Park. BART, schools, shopping.

SEE MORE

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
 

$1,159,200$1,416,800$1,288,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$4,752
Property Tax -$1,423
Property Insurance -$81
Property Management Fees -$190
CASH FLOW
-$2,575

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.

$1,288,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.30%

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$4.5M

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$347,070

INVESTMENT

$347,070

Down Payment
$322,000
Rehab Estimate
$5,750
Closing Costs
$19,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $322,000
Loan Amount $966,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$43

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
  • $4,322

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,150
$4,150
RENT COMPS ANALYSIS
  • 5852 Cold Water Castro Valley, CA 1
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1974
    • 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
Brian Cooney
Re/max Accord
BESbswy