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120 Elderberry Ln Union City, CA 94587

5 Beds 4 Baths 2,576 sqft Built 2002

$1,260,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $489.13
  • 4 Days on Market
  • MLS # : BE40928200
  • Updated Date : 11/07/2020 at 09:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,576 sqft
  • Baths : 3 full , 1 half
Listing Agent

Avalon Realty

Listing Agent's Description

Gorgeous Corner Lot home with 1 Bed & 1.5 Bath Downstairs! Lots of sunlight with windows on all sides. Bonus Loft (office) @ Upstairs Landing. New laminate floor upstairs, newer hardwood floor downstairs. Custom 2 tone paint throughout. New water heater, gas stove, garage door/opener, newer dishwasher & furnace & redone rear and side yard Gourmet Kitchen with SS appliances with granite countertop with beautiful backsplash and Breakfast Nook Area. Large Family Room offers gas Fireplace, 2-way blinds. Master bedroom Suite upstairs includes Coffer Ceiling, Sitting Bench Area, his and her Walk-in Closet with Mirror Closet doors, Oval Sunken Tub, Separate Stall Shower. Laundry Room upstairs adds to convenience. Central, dual zone A/C and Fire sprinkler System, EV charging plug. Landscaped backyard with Flagstone Patio, Gazebo, planter box, and fruit trees. Beautiful hillside community with view of East Bay hills. Access to BART, Dog park, Schools, Freeways, Shopping, trails

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1028k

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

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323395

* 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
Emanuele Elementary School Primary Regular 653 25 5
Cesar Chavez Middle School Middle Regular 1,283 50 3
James Logan High School High Regular 3,912 153 7

Emanuele Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 25
5
GreatSchools Rating

Cesar Chavez Middle School

  • Education Level: Middle
  • # of students: 1,283
  • # of teachers: 50
3
GreatSchools Rating

James Logan High School

  • Education Level: High
  • # of students: 3,912
  • # of teachers: 153
7
GreatSchools Rating
 

$1,134,000$1,386,000$1,260,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,649
Property Tax -$1,528
Property Insurance -$89
HOA -$98
Property Management Fees -$208
CASH FLOW
-$2,322

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.

$1,260,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$339,650

INVESTMENT

$339,650

Down Payment
$315,000
Rehab Estimate
$5,750
Closing Costs
$18,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $315,000
Loan Amount $945,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $4,276

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,2503$4,265
$4,265
RENT COMPS ANALYSIS
  • 120 Elderberry Ln Union City, CA 2
    • 5 beds 4 baths ∙ 2,576 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,576 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.65
    •  
  • 3380 Cade Dr Fremont, CA 1
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1986
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.73
    •  
  • 34480 Torrey Pine Ln Union City, CA 3
    • 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2003
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,265
    • $1.59
    •  
PROPERTY LISTING DETAILS
Dharm Singh
Avalon Realty
BESbswy