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968 Coral Ridge Cir Rodeo, CA 94572

4 Beds 2 Baths 1,405 sqft Built 1979

$549,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $390.75
  • 5 Days on Market
  • MLS # : EB40928244
  • Updated Date : 11/11/2020 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,405 sqft
  • Baths : 2 full
Listing Agent

Red Oak Realty

Listing Agent's Description

Welcome to 968 Coral Ridge Circle! Located in Rodeo's Foxboro Downs neighborhood, this level-in 4 bedroom, 2 bathroom home with an attached 2-car garage is waiting for you. As you enter the front door, you are greeted by a generously-sized living room with high ceilings, ample natural light, and a wood-burning fireplace. The cozy kitchen with an adjacent dining room is perfect for entertaining and overlooks a peaceful, outdoor patio. Down the hallway, you will find 3 nicely-sized bedrooms and an upgraded bathroom. One of the bedrooms would make a great home office. The spacious primary bedroom has a mirrored door closet with tons of storage space and an ensuite bathroom. A large, sunny backyard and patio area are the perfect place to sip your morning coffee or read a good book. The location is commuter-friendly with convenient access to Hwy I-80 and is just minutes away from local shops and restaurants. Make this house your home with some creative vision and TLC!

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,026
Property Tax -$653
Property Insurance -$61
HOA -$120
Property Management Fees -$149
CASH FLOW
-$409

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.

$549,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $2,552

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,6004$2,900
$2,900
RENT COMPS ANALYSIS
  • 968 Coral Ridge Cir Rodeo, CA 3
    • 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.85
    •  
  • 7 Plateau Ct Hercules, CA 1
    • 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1980
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 170 Dartford St Hercules, CA 2
    • 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1985
    property image
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.93
    •  
  • 860 Hawthorne Dr Rodeo, CA 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1966
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.85
    •  
PROPERTY LISTING DETAILS
Alyson Straub
Red Oak Realty
BESbswy