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1485 Vistagrand Dr San Leandro, CA 94577

3 Beds 3 Baths 2,359 sqft Built 1959

$1,000,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $423.91
  • 5 Days on Market
  • MLS # : CC40927513
  • Updated Date : 10/30/2020 at 15:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,359 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

This is the million dollar home with million dollar views you have been waiting for!! You can't stop gazing out over the views that stretch from Oakland, SF and down to the South Bay. Not many homes come on the market in this very desirable neighborhood located in the center of the Bay Area. Imagine having your own piece of paradise with a resort like backyard. This large single story ranch style home is sitting on over a 1/3 acre lot. Multiple living areas with 2 fireplaces. Vaulted ceilings. Brand new paint inside and out. Hardwood floors throughout with new luxury vinyl plank flooring in the kitchen & laundry room. All new landscaping front and back with a new redwood deck/fencing. Views out of almost every window in the home. Large drive through 2 car garage. Your less than 20 miles to SF and 30 miles to San Jose. 2 miles to the Bart Station. Lake Chabot is right up the hill where you can go boating, fishing and hiking. This is an opportunity you can't miss...

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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
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,690
Property Tax -$1,073
Property Insurance -$84
Property Management Fees -$179
CASH FLOW
-$1,366

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.

$1,000,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.37%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,864

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
  • $3,421

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 1485 Vistagrand Dr San Leandro, CA 1
    • 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 1959
    • 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
    •  
PROPERTY LISTING DETAILS
Bill Davis
Compass
BESbswy