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1495 Brookside Dr San Leandro, CA 94577

3 Beds 1 Baths 944 sqft Built 1942

$640,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1942
  • Price/Sqft : $677.97
  • 2 Days on Market
  • MLS # : BE40927832
  • Updated Date : 11/02/2020 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 944 sqft
  • Baths : 1 full
Listing Agent

Re/max Accord

Listing Agent's Description

Quiet tree lined street. Large corner lot. Nice size home with some upgrades. Enter into large bright living room with wood floors. Recessed lighting, and dual pane windows. Bright sunny kitchen with stainless steel stove, refrigerator, microwave and dishwasher. Country kitchen sink, lots of cabinets, counters and eat in kitchen area. Nice size bedrooms too. The back yard is very large and a side access into the back yard is possible. Garage has entry into the house. Home was extensively upgraded in 2014 and needs some TLC.

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PRICE & RENT TRENDS

Neighborhood: Eastshore-Davis Street

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Eastshore-Davis Street

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13413193

* 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
Woodrow Wilson Elementary School Primary Regular 734 26 5
John Muir Middle School Middle Regular 962 44 3
San Leandro High School High Regular 2,601 119 4

Woodrow Wilson Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 26
5
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 44
3
GreatSchools Rating

San Leandro High School

  • Education Level: High
  • # of students: 2,601
  • # of teachers: 119
4
GreatSchools Rating
 

$576,000$704,000$640,000

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 -$2,361
Property Tax -$730
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$281

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.

$640,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.9%
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

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$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$37,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $3.19

    LIST RENT PER SQFT
  • $3,616

    COMP ESTIMATED VALUE
  • $3.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,010
$3,010
RENT COMPS ANALYSIS
  • 1495 Brookside Dr San Leandro, CA 2
    • 3 beds 1 baths ∙ 944 Sqft ∙ Built 1942 3 beds 1 baths ∙ 944 Sqft ∙ Built 1942
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $3.19
    •  
  • 424 Darien Ave Oakland, CA 1
    • 3 beds 1 baths ∙ 784 Sqft ∙ Built 1942 3 beds 1 baths ∙ 784 Sqft ∙ Built 1942
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $3.83
    •  
PROPERTY LISTING DETAILS
Theresa Marquez
Re/max Accord
BESbswy