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1455 San Jose St. San Leandro, CA 94577

3 Beds 1 Baths 1,095 sqft Built 1953

INVESTimate

$839,000

List Price

$3,220

$2,970 - $3,470

Rent Est.

$923,403  ( +10.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $766.21
  • 7 Days on Market
  • MLS # : BE40917620
  • Updated Date : 08/24/2020 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,095 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to 1455 San Jose St, perhaps the quietest block in Estudillo Estates. Resting on this street are a total of 6 homes. Offerings include a main house of 3 bedrooms, 1 bathroom.; along with and attached recently remodeled IN-LAW unit with private entrance. IN-LAW unit have full bath with laundry and full kitchen overlooking the backyard. Engineered floors and dual pane windows throughout! The main house consists of an open floor plan with adjacent dining area and formal dining room/family room which lead to a large pavers backyard. The kitchen includes spice maple cabinets, granite counter tops and induction range. Pantry/laundry room with sink are in house. Along with full disclosures the sellers have provided inspections and reports for your convenience: Home, Pest, Roof and Gutters, and Fireplace. Zoned HVAC system throughout property including 2 car garage. Enjoy the beautifully landscaped butterfly garden.Visit and discover your serene living space.

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PRICE & RENT TRENDS

Neighborhood: Estudillo Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $227k1078k

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

Neighborhood: Estudillo Estates

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
Mckinley Elementary School Primary Regular 523 18 2
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 18
2
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
 

$755,100$922,900$839,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$3,096
Property Tax -$957
Property Insurance -$54
Property Management Fees -$158
CASH FLOW
-$1,044

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.

$839,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.06%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,085

INVESTMENT

$228,085

Down Payment
$209,750
Rehab Estimate
$5,750
Closing Costs
$12,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,750
Loan Amount $629,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,606

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
  • $2,880

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 1455 San Jose St. San Leandro, 1
    • 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,095 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1975 Trombas Ave San Leandro, 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.63
    •  
PROPERTY LISTING DETAILS
David Adams
Coldwell Banker Realty
BESbswy