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610 Andrews Way El Sobrante, CA 94803

2 Beds 2 Baths 1,021 sqft Built 1949

INVESTimate

$550,000

List Price

$2,110

$1,899 - $2,321

Rent Est.

$603,845  ( +9.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1949
  • Price/Sqft : $538.69
  • 3 Days on Market
  • MLS # : EB40917122
  • Updated Date : 08/24/2020 at 16:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,021 sqft
  • Baths : 2 full
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

Welcome to 610 Andrew's Way, a wonderful sanctuary nestled privately in the El Sobrante hills. This two bedroom two bathroom home boasts a great open concept floor plan with updated kitchen and gleaming stainless steel appliances. Incredible natural light in every room with wonderful gleaming hardwood floors throughout. The living room flows perfectly to the updated kitchen and dining area. The master bedroom has a private bathroom and a great bonus space, perfect for a home office. Spacious one car attached garage with enough room to fit a car and storage as well as laundry facilities. Wonderfully landscaped front yard and porch with double staircase and expansive views out over El Sobrante, great for relaxing on a sunny afternoon. The 11,510 square foot lot will capture your imagination with endless possibilities. You don't want to miss this one!

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PRICE & RENT TRENDS

Neighborhood: El Sobrante

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: El Sobrante

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
Murphy Elementary School Primary Regular 489 22 5
Murphy Elementary School Middle Regular 489 22 5
De Anza High School High Regular 1,263 54 3

Murphy Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 22
5
GreatSchools Rating

Murphy Elementary School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 22
5
GreatSchools Rating

De Anza High School

  • Education Level: High
  • # of students: 1,263
  • # of teachers: 54
3
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$2,029
Property Tax -$657
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$777

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.

$550,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.79%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$2,110
$2,110
RENT COMPS ANALYSIS
  • 610 Andrews Way El Sobrante, 3
    • 2 beds 2 baths ∙ 1,021 Sqft ∙ Built 1949 2 beds 2 baths ∙ 1,021 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $2.07
    •  
  • 769 Rincon Rd El Sobrante, 1
    • 2 beds 1 baths ∙ 1,300 Sqft ∙ Built 1942 2 beds 1 baths ∙ 1,300 Sqft ∙ Built 1942
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.38
    •  
  • 2287 Cuadra Ct Pinole, 2
    • 2 beds 1 baths ∙ 750 Sqft ∙ Built 1965 2 beds 1 baths ∙ 750 Sqft ∙ Built 1965
    LEASED 04/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $2.47
    •  
PROPERTY LISTING DETAILS
Cameron Parkinson
The Grubb Co. Inc.
BESbswy