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14838 Lark St San Leandro, CA 94578

3 Beds 1 Baths 1,242 sqft Built 1946

$658,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $529.79
  • 4 Days on Market
  • MLS # : BE40933865
  • Updated Date : 01/16/2021 at 14:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,242 sqft
  • Baths : 1 full
Listing Agent

Rinetti & Co., Realtors

Listing Agent's Description

Enjoy this nicely refreshed 3-bed/1-bath Upper Bal home that offers easy-care living. Quality upgrades include dual pane windows, stainless appliances, new 100Amp main electric service with permit, gleaming hardwood floors and fresh paint throughout. The spacious side yard has raised beds for vegetables/herbs/flowers while the garage offers drive-through access to the backyard. Last but not least, there is a detached structure with electric in the back that can be an office, playroom or whatever - neat!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Halcyon-Foothill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Halcyon-Foothill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13603193

* 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
Jefferson Elementary School Primary Regular 608 23 3
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 23
3
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
 

$592,200$723,800$658,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,285
Property Tax -$738
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$220

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.

$658,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.8%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,120

INVESTMENT

$180,120

Down Payment
$164,500
Rehab Estimate
$5,750
Closing Costs
$9,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,500
Loan Amount $493,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$36,083

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
  • $3,099

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,095
$3,095
RENT COMPS ANALYSIS
  • 14838 Lark St San Leandro, CA 1
    • 3 beds 1 baths ∙ 1,242 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,242 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 2433 Lyle Ct San Leandro, CA 3
    • 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1952
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.86
    •  
PROPERTY LISTING DETAILS
Earle Shenk
Rinetti & Co., Realtors
BESbswy