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1247 Benedict Ct San Leandro, CA 94577

4 Beds 3 Baths 1,879 sqft Built 1955

$979,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $521.02
  • 4 Days on Market
  • MLS # : BE40930955
  • Updated Date : 12/03/2020 at 15:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,879 sqft
  • Baths : 3 full
Listing Agent

Yager Realty Of California

Listing Agent's Description

Beautifully Fully Remodeled Bay-O-Vista! Close to 1900 Sq. ft. of living space. 3 Bed 2 Bath upstairs and 1 Bedroom unit with separate entrance and Kitchen/bath Downstairs (Excellent opportunity to get rental income). Downstairs addition permits unknown Buyer to verify the exact square footage and permits If needed. Whole house features new windows/stucco/paint inside and outside. New Garage door. New Vinyl plank laminate with new baseboards. Elegant modern kitchen features New Quartz counters, New Cabinet, New appliances. You'll love this sun drenched open floor plan with view of Bay and beautiful landscaped backyard with new sprinkler system. All Baths remodeled with new fixtures and tiles. Large new wood deck leads to rear yard & lawn. Located near the parks & trails of Lake Chabot, the Bay-o-Vista Swim & Tennis club, shopping, restaurants & e-z commute for folks going to San Francisco & Oakland! A Place You'll be proud to call home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bay-O-Vista

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $227k1267k

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

Neighborhood: Bay-O-Vista

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14563863

* 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
Roosevelt Elementary School Primary Regular 546 20 6
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 20
6
GreatSchools Rating

Bancroft Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 40
2
GreatSchools Rating

San Leandro High School

  • Education Level: High
  • # of students: 2,601
  • # of teachers: 119
4
GreatSchools Rating
 

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$3,612
Property Tax -$1,050
Property Insurance -$72
Property Management Fees -$166
CASH FLOW
-$1,521

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.

$979,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$359

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
  • $3,204

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,400
$3,400
RENT COMPS ANALYSIS
  • 1247 Benedict Ct San Leandro, CA 1
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Benedict Dr San Leandro, CA 2
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1939 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1939
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.45
    •  
  • 1750 Benedict Dr San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
Brandon Yager
Yager Realty Of California
BESbswy