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919 Lynn Ct San Lorenzo, CA 94580

3 Beds 2 Baths 1,492 sqft Built 1950

$750,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $502.68
  • 3 Days on Market
  • MLS # : BE40929188
  • Updated Date : 11/13/2020 at 22:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Spacious 3 bedroom 2 bath house on a court. Newer floor; newer paint; Large master bedroom with walk-in closet. Great backyard with some fruit trees, potential for ADU, Convenient location: Close to Bay Fair Bart Station, Supermarket , Restuant, shops, transportation and freeways. Unbranded Virtual Tour Video https://vimeo.com/478986680

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
 

$675,000$825,000$750,000

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 -$2,767
Property Tax -$839
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$898

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.

$750,000

PROJECTED PRICE

$2,920

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$3.0M

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $3,108

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9203$3,1004$3,250
$3,250
RENT COMPS ANALYSIS
  • 919 Lynn Ct San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.96
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 1651 Via Chorro San Lorenzo, CA 3
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
  • Via Represa San Lorenzo, CA 4
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1957
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.01
    •  
PROPERTY LISTING DETAILS
Martin Cai
Compass
BESbswy