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15911 Gramercy Dr San Leandro, CA 94578

4 Beds 2 Baths 1,895 sqft Built 1952

$949,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $500.79
  • 3 Days on Market
  • MLS # : BE40926946
  • Updated Date : 11/14/2020 at 20:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,895 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

VIEWS MATTER! Enjoy breathtaking unobstructed Panoramic Bay cityscape and sunsets while sipping your drink in your dining room or at your 365 sq. ft. redwood view deck. This split-level home with 4 bedrooms and 2 full bathrooms has gorgeous views in every direction, Marin to San Jose vistas. Featuring chef's kitchen, open concept living space, hardwood floors, recessed lighting and low-maintenance front and back yard landscaping. Lower level in-law or rental unit with separate entrance round out this gem in the San Leandro hills! Great outdoor space and huge side yard has a potential room to add an ADU or home office. Easy access to 238, 580, and 880. Must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Portal Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: El Portal Ridge

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
Corvallis Elementary School Primary Regular 620 26 3
Edendale Middle School Middle Regular 696 30 1
San Lorenzo High School High Regular 1,407 59 3

Corvallis Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 26
3
GreatSchools Rating

Edendale Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 30
1
GreatSchools Rating

San Lorenzo High School

  • Education Level: High
  • # of students: 1,407
  • # of teachers: 59
3
GreatSchools Rating
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,501
Property Tax -$1,065
Property Insurance -$73
Property Management Fees -$175
CASH FLOW
-$1,235

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.

$949,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.6%
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$3.0M$3.5M

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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,452

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
  • $3,804

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,3804$3,4005$3,900
$3,900
RENT COMPS ANALYSIS
  • 15911 Gramercy Dr San Leandro, CA 1
    • 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17532 Kingston Way Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1954
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.11
    •  
  • 3766 Brookdale Blvd Castro Valley, CA 3
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1953
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $2.01
    •  
  • 1750 Benedict Dr San Leandro, CA 4
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
  • 2755 Pineridge Rd Castro Valley, CA 5
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1957
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.95
    •  
PROPERTY LISTING DETAILS
Kristine Doroteo
Redfin
BESbswy