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1216 Santa Clara Ave Alameda, CA 94501

3 Beds 2 Baths 1,395 sqft Built 1900

$949,990

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1900
  • Price/Sqft : $681.00
  • 3 Days on Market
  • MLS # : CC40934448
  • Updated Date : 01/16/2021 at 13:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,395 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Freshly Updated and Upgraded Inside and Out! This Beautiful Victorian Cottage Offers Charming Living With Stylish Updates. Inviting Covered Front Porch To Entry Room. Living Room Features Hardwood Flooring, Dual Pane Windows With Beautiful Wood Casings, And Plentiful Natural Light. Double Pocket Glass Doors Leading to Family or Formal Dining Room With Built-Ins And Decorative Brick Fireplace. Breakfast Room With Tons Of Light. Recently Renovated Kitchen Includes New Countertops & Backsplash, And Stainless Steel Appliances. Main Bathroom With Claw Tub, Newly Added Second Bath. Updated Plumbing and Electrical Systems. Newly Finished Walls And Interior Paint Throughout, Exterior Paint Completed In 2019. Newly Installed Ceiling Fans And Fixtures. Tranquil Rear Yard Includes Patio, Grass, & Gardening Areas. Full Basement With Endless Possibilities Includes Laundry And Plentiful Storage. Great Location, Near Schools, Shopping, & Bus Line Access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West End

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1041k

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

Neighborhood: West End

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $15384030

* 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
Franklin Elementary School Primary Regular 326 13 8
Will C. Wood Middle School Middle Regular 439 27 7
Encinal Jr-sr High School High Regular 1,052 52 6

Franklin Elementary School

  • Education Level: Primary
  • # of students: 326
  • # of teachers: 13
8
GreatSchools Rating

Will C. Wood Middle School

  • Education Level: Middle
  • # of students: 439
  • # of teachers: 27
7
GreatSchools Rating

Encinal Jr-sr High School

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 52
6
GreatSchools Rating
 

$854,991$1,044,989$949,990

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$3,300
Property Tax -$1,105
Property Insurance -$61
Property Management Fees -$159
CASH FLOW
-$1,384

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.

$949,990

PROJECTED PRICE

$3,240

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.8%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,497

INVESTMENT

$257,497

Down Payment
$237,498
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,498
Loan Amount $712,493
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $2.32

    LIST RENT PER SQFT
  • $3,041

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$3,240
1$3,2402$3,700
$3,700
RENT COMPS ANALYSIS
  • 1216 Santa Clara Ave Alameda, CA 1
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1900 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1900
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $2.32
    •  
  • 1453 9th Street Unit A Alameda, CA 2
    • 4 beds 1 baths ∙ 1,700 Sqft ∙ Built 1910 4 beds 1 baths ∙ 1,700 Sqft ∙ Built 1910
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.18
    •  
PROPERTY LISTING DETAILS
David Christie
Dudum Real Estate Group
BESbswy