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185 Appian Way Union City, CA 94587

4 Beds 2 Baths 1,550 sqft Built 1978

$850,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $548.39
  • 7 Days on Market
  • MLS # : MR40927250
  • Updated Date : 10/30/2020 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Valley Central

Listing Agent's Description

This lovely single-story home offers a freshly painted interior, new carpet and kitchen and bath flooring and is ready for your personal touches to make it the house that suits your lifestyle. With 4 bedrooms, 2 baths and situated on a corner lot, with no close by rear neighbors, makes this home very private. A 2-car garage, and a family room with a wood burning fireplace, can make for a cozy evening.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1028k

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

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323395

* 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
Emanuele Elementary School Primary Regular 653 25 5
Cesar Chavez Middle School Middle Regular 1,283 50 3
James Logan High School High Regular 3,912 153 7

Emanuele Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 25
5
GreatSchools Rating

Cesar Chavez Middle School

  • Education Level: Middle
  • # of students: 1,283
  • # of teachers: 50
3
GreatSchools Rating

James Logan High School

  • Education Level: High
  • # of students: 3,912
  • # of teachers: 153
7
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$3,136
Property Tax -$1,047
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$1,786

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.

$850,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$2

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
  • $3,212

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3504$3,4505$3,450
$3,450
RENT COMPS ANALYSIS
  • 185 Appian Way Union City, CA 1
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36045 Larch Way Fremont, CA 2
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1961
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.96
    •  
  • 36702 Reynolds Dr Fremont, CA 3
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1972
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.96
    •  
  • 1870 Hartnell St Union City, CA 4
    • 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.16
    •  
  • 35046 Lilac Loop Union City, CA 5
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.21
    •  
PROPERTY LISTING DETAILS
Steven Ormonde
Coldwell Banker Valley Central
BESbswy