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701 Rock Rose Way Richmond, CA 94806

3 Beds 3 Baths 1,511 sqft Built 2001

$640,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $423.56
  • 2 Days on Market
  • MLS # : EB40927887
  • Updated Date : 11/02/2020 at 21:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,511 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhg Re Reliance Partners

Listing Agent's Description

Affordable Country Club Vista Home! You'll love the high ceiling in the living areas with large windows letting in lots of sunlight, giving the space an expansive feel. The kitchen and family room leads to the backyard, and access to the large 2 car garage. There is a 1/2 bath by the front door. Upstairs, you will find a large ensuite bedroom, bath and walk-in closet with a Bay view, 2 more bedrooms and a full bath off the hallway. There are upgraded hardwood floors with carpet on the stairway. The backyard is a gardener's paradise, lots of room for gardening and relaxing with friends and family. There is a deck and a large covered patio, providing shade on sunny afternoons. There is a variety of fruit trees and blooming flowers throughout the yard. This home has a cul-de-sac location so there is no traffic here! The open field next to the home provides privacy and great views. Located near Richmond CC, Pt. Pinole shoreline, ez freeway access and lots of shopping nearby.

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PRICE & RENT TRENDS

Neighborhood: Hilltop District

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1092k

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

Neighborhood: Hilltop District

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543196

* 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
Montalvin Elementary School Primary Regular 419 18 5
Montalvin Elementary School Middle Regular 419 18 5
Pinole Valley High School High Regular 1,205 54 4

Montalvin Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 18
5
GreatSchools Rating

Montalvin Elementary School

  • Education Level: Middle
  • # of students: 419
  • # of teachers: 18
5
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,361
Property Tax -$773
Property Insurance -$64
HOA -$118
Property Management Fees -$149
CASH FLOW
-$545

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.

$640,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,592

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
  • $2,992

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,300
$3,300
RENT COMPS ANALYSIS
  • 701 Rock Rose Way Richmond, CA 1
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 141 San Diego San Pablo, CA 2
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2003
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.98
    •  
PROPERTY LISTING DETAILS
Richard Matus
Bhg Re Reliance Partners
BESbswy