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6250 Arlington Blvd Richmond, CA 94805

4 Beds 3 Baths 2,274 sqft Built 1964

$979,000

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $430.52
  • 7 Days on Market
  • MLS # : EB40931291
  • Updated Date : 12/11/2020 at 18:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,274 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reali

Listing Agent's Description

Tastefully remodeled and located in the lovely East Richmond Heights neighborhood. This gem has incredible sprawling views of San Francisco Bay, San Pablo Bay and Mt. Tamalpais. Modern color palette and Vintage Collection birch hardwood floors make this home stand out. It boasts a remodeled kitchen with stainless appliances and farmhouse sink, new bathrooms with contemporary fixtures and finishes, newer windows, new roof in the last 2 years, new interior and exterior paint and is sewer compliant! The home also has a 2 car garage, double decker deck, drought resistant landscape including native pants and privacy bamboo in steel containers. Minutes to BART, Richmond Ferry Terminal and centrally located with easy access to Berkeley, San Francisco and surrounding cities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Richmond Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $198k1015k

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

Neighborhood: East Richmond Heights

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15173193

* 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
Mira Vista Elementary School Primary Regular 519 24 4
Fred T. Korematsu Middle School Middle Regular 539 23 5
El Cerrito High School High Regular 1,364 55 5

Mira Vista Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 24
4
GreatSchools Rating

Fred T. Korematsu Middle School

  • Education Level: Middle
  • # of students: 539
  • # of teachers: 23
5
GreatSchools Rating

El Cerrito High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 55
5
GreatSchools Rating
 

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$3,612
Property Tax -$1,154
Property Insurance -$82
Property Management Fees -$189
CASH FLOW
-$1,186

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.

$979,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,129

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
  • $4,377

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$5,500
$5,500
RENT COMPS ANALYSIS
  • 6250 Arlington Blvd Richmond, CA 1
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 814 Sonoma St Richmond, CA 2
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 2732 Del Monte Ave El Cerrito, CA 3
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 1969
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.52
    •  
PROPERTY LISTING DETAILS
Sherie Corsello
Reali
BESbswy