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774 Reef Point Ct Rodeo, CA 94572

3 Beds 2 Baths 1,355 sqft Built 1974

$675,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $498.15
  • 7 Days on Market
  • MLS # : CC40930559
  • Updated Date : 12/01/2020 at 12:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,355 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

OPEN LAYOUT! NATURAL LIGHTS! REFRESHING HEATED POOL w/ Therapeutic SPA, all on huge 10,000SF lot with space for an ADU (Accessory Dwelling Unit, or In-Law unit w/ an existing Architectural Plan). Enter in and it's spacious OPEN LAYOUT w/ Lots of Ambient Natural Light. LOTS OF UPGRADES: CENTRAL A/C, a beautiful Kitchen Granite Countertop, All Stainless Steel Appliances, VIEWS from your Kitchen & Dining Areas, recessed Lights throughout. Several access points to newly re-plastered Swimming Pool w/ newer Water Heater, including an upgraded Sliding Glass Door through the Master Suite. In a Cul-de-Sac, SAFE for children's play. Close to Public Transit, the ongoing RITC Project (Regional Intermodal Transportation Center: Bus, Train & Ferry), near I-80 access & Hi-4 Access. Submit offer by 5pm Monday 12/7/20.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: View Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $212k1062k

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

Neighborhood: View Pointe

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Rodeo Hills Elementary School Primary Regular 733 31 3
Carquinez Middle School Middle Regular 382 17 3
John Swett High School High Regular 529 24 6

Rodeo Hills Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 31
3
GreatSchools Rating

Carquinez Middle School

  • Education Level: Middle
  • # of students: 382
  • # of teachers: 17
3
GreatSchools Rating

John Swett High School

  • Education Level: High
  • # of students: 529
  • # of teachers: 24
6
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,490
Property Tax -$803
Property Insurance -$60
HOA -$120
Property Management Fees -$149
CASH FLOW
-$853

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.

$675,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,297

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
  • $2,385

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,900
$2,900
RENT COMPS ANALYSIS
  • 774 Reef Point Ct Rodeo, CA 1
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7 Plateau Ct Hercules, CA 2
    • 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 860 Hawthorne Dr Rodeo, CA 3
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1966
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.85
    •  
PROPERTY LISTING DETAILS
Jojo Soriano
Compass
BESbswy