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2001 Clipper Ct San Leandro, CA 94579

5 Beds 4 Baths 2,820 sqft Built 1996

$1,280,000

List Price

$3,980

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $453.90
  • 6 Days on Market
  • MLS # : BE40929587
  • Updated Date : 11/18/2020 at 21:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,820 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

10-Car Parking Space, 5 Bedrm, 4 Baths, spacious private backyard in a quiet cul-de-sac! Established neighborhood in San Leandro. Highly Desirable Two-Story Contemporary Home in the highly sought after Marina Vista Community. Largest plan with 3- car garage. Wood floors, updated kitchen with freshly painted cabinets. High ceiling with large windows Huge Master Bedroom with retreat and fireplace. All good sized bedrooms one ideal for zoom room. Low HOA $63/month. Minutes to San Leandro Marina, Monarch Bay Golf Course, Dog Park, Kaiser, restaurants, supermarkets, Heron Bay hiking, and biking trails! * CLOSE Proximity to 880 Freeway, Downtown & Bart Stations. Don't Miss This one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marina Vista

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $227k1426k

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

Neighborhood: Marina Vista

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000320034003600Rent in $14563713

* 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
Dayton Elementary School Primary Regular 520 22 4
Washington Manor Middle School Middle Regular 873 38 4
Arroyo High School High Regular 1,784 78 7

Dayton Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 22
4
GreatSchools Rating

Washington Manor Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 38
4
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 78
7
GreatSchools Rating
 

$1,152,000$1,408,000$1,280,000

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$4,723
Property Tax -$1,374
Property Insurance -$95
HOA -$63
Property Management Fees -$195
CASH FLOW
-$2,469

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.

$1,280,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.1%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$344,950

INVESTMENT

$344,950

Down Payment
$320,000
Rehab Estimate
$5,750
Closing Costs
$19,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,723

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $320,000
Loan Amount $960,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$77

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
  • $4,004

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,000
$4,000
RENT COMPS ANALYSIS
  • 2001 Clipper Ct San Leandro, CA 1
    • 5 beds 4 baths ∙ 2,820 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,820 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2018 Royal Wings Way San Leandro, CA 2
    • 5 beds 4 baths ∙ 2,820 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,820 Sqft ∙ Built 1998
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.42
    •  
PROPERTY LISTING DETAILS
Ringo Liu
Keller Williams Realty
BESbswy