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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: East Richmond Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Richmond Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$265,185
LOAN DETAILS
$3,612
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $244,750 |
| Loan Amount | $734,250 |
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
-
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
Reali
