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855 Wilson Ave Richmond, CA 94805

3 Beds 1 Baths 1,050 sqft Built 1956

INVESTimate

$480,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$551,856  ( +14.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $457.14
  • 7 Days on Market
  • MLS # : CC40917526
  • Updated Date : 08/25/2020 at 19:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Bartels

Listing Agent's Description

CUTE STARTER HOME IN CONVENIENT NEIGHBORHOOD. SUNNY DINING NOOK, WOOD FLOORS, COZY FIREPLACE IN LIVING ROOM, INDOOR LAUNDRY ROOM. PLENTY OF CLOSET SPACE & CENTRAL HEAT. LOT RUNS STREET TO STREET WITH REAR OF LOT AND GARAGE ACCESS FROM 38TH STREET. OVERSIZED GARAGE WITH ROOM FOR WORKSHOP OR EXTRA STORAGE. SMALL LOW MAINTENANCE YARDS. NEAR TO LOCAL SHOPS & RESTAURANTS, PUBLIC TRANSPORTATION AND EL CERRITO BART STATION. HURRY ON THIS ONE!!!

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PRICE & RENT TRENDS

Neighborhood: North and East

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $182k1015k

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

Neighborhood: North and East

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
Wilson Elementary School Primary Regular 506 20 2
Wilson Elementary School Middle Regular 506 20 2
Kennedy High School High Regular 865 39 2

Wilson Elementary School

  • Education Level: Primary
  • # of students: 506
  • # of teachers: 20
2
GreatSchools Rating

Wilson Elementary School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 20
2
GreatSchools Rating

Kennedy High School

  • Education Level: High
  • # of students: 865
  • # of teachers: 39
2
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,771
Property Tax -$552
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$225

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.

$480,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.97%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$29,891

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $2.19

    LIST RENT PER SQFT
  • $2,408

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,4004$2,795
$2,795
RENT COMPS ANALYSIS
  • 855 Wilson Ave Richmond, 2
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.19
    •  
  • 2745 Rollingwood Dr San Pablo, 1
    • 3 beds 1 baths ∙ 855 Sqft ∙ Built 1943 3 beds 1 baths ∙ 855 Sqft ∙ Built 1943
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.57
    •  
  • 2410 Greenwood Dr San Pablo, 3
    • 3 beds 1 baths ∙ 1,112 Sqft ∙ Built 1943 3 beds 1 baths ∙ 1,112 Sqft ∙ Built 1943
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.16
    •  
  • 2901 Canterbury Dr Richmond, 4
    • 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
    •  
PROPERTY LISTING DETAILS
Lynda Bartels
Coldwell Banker Bartels
BESbswy