Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

742 Alhambra Rd El Sobrante, CA 94803

3 Beds 2 Baths 1,500 sqft Built 1951

$635,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $423.33
  • 4 Days on Market
  • MLS # : EB40930966
  • Updated Date : 12/03/2020 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Prime Metropolis Propertiesinc

Listing Agent's Description

Exceptionally remodeled home with a large private backyard for your retreat. Ideally situated in a quiet neighborhood yet close to highway I-80 and Hilltop Shopping Mall, this fantastic home features gorgeous wood flooring throughout as well as new dual pane windows. Gourmet kitchen with stainless appliances, premium quartz countertops, stylish cabinets and garden windows. Recessed lighting and abundant natural light throughout the house. Hallway bathroom has double showers plus tub. Sunny oversized backyard including a sitting out concrete patio offers serenity and perfect for your well-deserved breaks from work at home. Extra long driveway is ideal for RV parking. Enjoy surrounding East Bay regional parks, Kennedy Grove, Wildcat Canyon, San Pablo Dam Reservoir. Just minutes to multiple nearby shopping centers. Easy/short commute to S.F. and Marin County. EBMUD recently replaced sewer lateral in Alhambra Rd.

SEE MORE

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
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,343
Property Tax -$781
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$376

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.

$635,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
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$25k

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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$27,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,225

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9603$3,150
$3,150
RENT COMPS ANALYSIS
  • 742 Alhambra Rd El Sobrante, CA 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.97
    •  
  • 2901 Canterbury Dr Richmond, CA 1
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1963
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.15
    •  
  • 3929 Hillcrest Rd El Sobrante, CA 3
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1951
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.15
    •  
PROPERTY LISTING DETAILS
Susan Carrodus
Prime Metropolis Propertiesinc
BESbswy