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1270 Hubbard Ave San Leandro, CA 94579

3 Beds 2 Baths 1,257 sqft Built 1952

$775,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $616.55
  • 2 Days on Market
  • MLS # : CC40928249
  • Updated Date : 11/07/2020 at 16:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,257 sqft
  • Baths : 1 full , 1 half
Listing Agent

Wr Properties

Listing Agent's Description

Fabulous single story in Washington Manor! Beautiful hardwood flooring throughout, enter into the bright and light living room area with plantation shutters and brick fireplace. Updated kitchen with slab granite counters, newer cabinets, gas range and new built in microwave. Cozy kitchen nook and includes fridge and dishwasher. 3 good sized bedrooms, 1.5 remodeled baths and a family room/bonus room off the garage with slider to back yard. Large backyard with beautiful wood deck, patio area, grass and vegetable garden area. Fully landscape yards with automatic sprinklers and lots of curb appeal. Walking distance to nearby amenities, minutes to freeway access, shopping, restaurants and a great commute location. All levels of schools are nearby!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Washington Manor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1029k

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

Neighborhood: Washington Manor

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Dayton Elementary School Primary Regular 520 22 4
Washington Manor Middle School Middle Regular 873 38 4
Arroyo High School High Regular 1,784 78 7

Dayton Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 22
4
GreatSchools Rating

Washington Manor Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 38
4
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 78
7
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,859
Property Tax -$840
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$1,276

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.

$775,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $2.09

    LIST RENT PER SQFT
  • $2,643

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,9003$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1270 Hubbard Ave San Leandro, CA 1
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $2.09
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 15503 Montreal St San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
  • 1418 Culver Pl San Lorenzo, CA 4
    • 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 1651 Via Chorro San Lorenzo, CA 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
PROPERTY LISTING DETAILS
Jeff Carter
Wr Properties
BESbswy