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917 Delano St San Lorenzo, CA 94580

3 Beds 1 Baths 1,060 sqft Built 1949

$689,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $650.00
  • 2 Days on Market
  • MLS # : BE40932421
  • Updated Date : 12/19/2020 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,060 sqft
  • Baths : 1 full
Listing Agent

Excel Realty

Listing Agent's Description

Charming single story home with ~$50k in renovations. Your new home awaits! With newly upgraded exterior & interior paint, refinished hardwood flooring, bathtub with shower tiling, window coverings, fireplace, cabinets, countertops, recess lighting & more. Enjoy a spacious backyard with additional storage area. Centrally located close to shopping/ restaurants, BART, freeways and schools. A gem you wouldn't want to miss!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashland

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $201k1024k

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

Neighborhood: Ashland

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13933193

* 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
Hesperian Elementary School Primary Regular 721 31 2
Edendale Middle School Middle Regular 696 30 1
San Lorenzo High School High Regular 1,407 59 3

Hesperian Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 31
2
GreatSchools Rating

Edendale Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 30
1
GreatSchools Rating

San Lorenzo High School

  • Education Level: High
  • # of students: 1,407
  • # of teachers: 59
3
GreatSchools Rating
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,542
Property Tax -$771
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$815

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.

$689,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,621

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 917 Delano St San Lorenzo, CA
    • 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Patrick Leung
Excel Realty
BESbswy