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2008 Bancroft Ave San Leandro, CA 94577

2 Beds 1 Baths 1,090 sqft Built 1937

$729,950

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1937
  • Price/Sqft : $669.68
  • 7 Days on Market
  • MLS # : BE40928242
  • Updated Date : 11/10/2020 at 18:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,090 sqft
  • Baths : 1 full
Listing Agent

Diversified Re Services

Listing Agent's Description

Centrally located. This home is in amazing condition. Spacious livingroom with cozy fireplace. Beautiful dining area. Main house has two bedrooms and one bath. Hardwood floors. Kitchen has tile counter top and gas stove. Below the main house there is an additional bedroom and 1/2 bahtroom. Great patio area in back yard. Large detached two car garage. Laundry area has gas hookup. Could have two washing machines. Extra plumbing set up for future bathroom in garage. Roll up garage door. Composition shingle roof. Driveway with gate to back yard. Lots of parking. Large patio area.

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PRICE & RENT TRENDS

Neighborhood: Bancroft

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1029k

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

Neighborhood: Bancroft

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
Mckinley Elementary School Primary Regular 523 18 2
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 18
2
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
 

$656,955$802,945$729,950

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,693
Property Tax -$833
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$1,259

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.

$729,950

PROJECTED PRICE

$2,470

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,187

INVESTMENT

$199,187

Down Payment
$182,488
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,488
Loan Amount $547,463
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$90

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
  • $2,467

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,7004$3,250
$3,250
RENT COMPS ANALYSIS
  • 2008 Bancroft Ave San Leandro, CA 1
    • 2 beds 1 baths ∙ 1,090 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,090 Sqft ∙ Built 1937
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1268 Terra Ave San Leandro, CA 2
    • 2 beds 1 baths ∙ 950 Sqft ∙ Built 1952 2 beds 1 baths ∙ 950 Sqft ∙ Built 1952
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $2.05
    •  
  • 14921 Donald Ave San Leandro, CA 3
    • 2 beds 1 baths ∙ 1,128 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,128 Sqft ∙ Built 1947
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.39
    •  
  • 863 Collier Dr San Leandro, CA 4
    • 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 1945 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 1945
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.35
    •  
PROPERTY LISTING DETAILS
Tony Mendoza
Diversified Re Services
BESbswy