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1387 Drake Ave San Leandro, CA 94579

3 Beds 2 Baths 1,321 sqft Built 1951

$758,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $573.81
  • 6 Days on Market
  • MLS # : BE40927394
  • Updated Date : 10/29/2020 at 15:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,321 sqft
  • Baths : 1 full , 1 half
Listing Agent

Litvinchuk Real Estate

Listing Agent's Description

Lovely 3 Bedroom 1 1/2 Bath Washington Manor Home. Detached Shop/Office with 1/2 Bath, Finished Walls & New Flooring. Extended Kitchen with Ample Cabinets, Silestone Quartz Counters, Gas Range/Oven, Refrigerator, Microwave, Dishwasher & Breakfast Bar. Living room with Wood Burning Fireplace. Dining Area. Laundry Conveniently Located in Closet Next to Kitchen Includes Washer & Dryer. All Bedrooms Updated w/Ceiling Fans, Dual Pane Windows & New Doors in All Bedrooms. Updated Bath with Shower-over-Tub. Forced Air Heating & Air Conditioning. Large Lot with Spacious Backyard with Covered Patio & New Rear Fence. Easy Access to Freeways, Shopping, Kaiser Permanente Hospital & Medical Center, Parks, Post Office, Library, Restaurants, Public Transportation, B.A.R.T., San Leandro Marina & Golf Course & More.

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
 

$682,200$833,800$758,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,797
Property Tax -$822
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,126

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.

$758,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.36%

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$10k

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$206,620

INVESTMENT

$206,620

Down Payment
$189,500
Rehab Estimate
$5,750
Closing Costs
$11,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,797

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,500
Loan Amount $568,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $2,787

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,0003$3,100
$3,100
RENT COMPS ANALYSIS
  • 1387 Drake Ave San Leandro, CA 1
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.04
    •  
  • 15503 Montreal St San Leandro, CA 2
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
  • 1651 Via Chorro San Lorenzo, CA 3
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
PROPERTY LISTING DETAILS
Paul Litvinchuk
Litvinchuk Real Estate
BESbswy