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PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $694.44
- 5 Days on Market
- MLS # : BE40928096
- Updated Date : 11/07/2020 at 09:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,280 sqft
- Baths : 2 full
Listing Agent
Bhg Reliance Partners
Listing Agent's Description
Lots of updates including, new interior and exterior paint, new laminate flooring, and new carpets. Kitchen features new stone countertops, new gas range, new range hood, new dishwasher, new sink and faucet. Dual pane windows. Newer fencing, new gutters and downspouts. New six panel closet doors. Court location with only three homes. Nearby schools K-12, I 580/680, two BART STATIONS, walking trails, shopping, entertainment, and health care facilities. Front door faces East. JUST MOVE RIGHT IN. Termite is clear, Roof Repairs compete. All reports will be available Friday evening.
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PRICE & RENT TRENDS
Neighborhood: Echo Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Echo Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,980 |
EXPENSES | Loan Payment | -$3,280 |
Property Tax | -$1,026 | |
Property Insurance | -$58 | |
Property Management Fees | -$149 | |
CASH FLOW
-$1,533
|
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.
$888,888
PROJECTED PRICE
$2,980
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 9.3% |
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
$241,305
LOAN DETAILS
$3,280
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $222,222 |
Loan Amount | $666,666 |
0.17
YEARS SAVED
$95
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,980
LIST RENT -
$2.33
LIST RENT PER SQFT
-
$3,005
COMP ESTIMATED VALUE -
$2.35
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Bhg Reliance Partners