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2049 Altamont Rd San Leandro, CA 94578

2 Beds 1 Baths 1,306 sqft Built 1952

$649,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $496.94
  • 3 Days on Market
  • MLS # : BE40928698
  • Updated Date : 11/13/2020 at 17:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,306 sqft
  • Baths : 1 full
Listing Agent

Rinetti & Co., Realtors

Listing Agent's Description

Amazing views and white picket fence! This inviting cottage is home sweet home. 2 Bedrooms with a bonus room that could be a 3rd bedroom, plus 2 baths. Updated kitchen with granite countertops and updated baths. 1 Bedroom, 1 Bath on Main floor, and 1 or 2 Bedrooms on lower level, plus bath. Possibility of renting the lower level with separate entrance. Dual Pane Windows, Deck, plus patio to enjoy views of the Bay and City. Terraced front yard for gardening. Long driveway for off street parking plus garage. Close to shopping, freeways and transportation. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest Knolls

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Hillcrest Knolls

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13873193

* 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
Jefferson Elementary School Primary Regular 608 23 3
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 23
3
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,395
Property Tax -$741
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$803

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.

$649,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,286

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
  • $2,834

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,250
$3,250
RENT COMPS ANALYSIS
  • 2049 Altamont Rd San Leandro, CA 1
    • 2 beds 1 baths ∙ 1,306 Sqft ∙ Built 1952 2 beds 1 baths ∙ 1,306 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 810 Rodney Dr San Leandro, CA 2
    • 2 beds 2 baths ∙ 1,506 Sqft ∙ Built 1938 2 beds 2 baths ∙ 1,506 Sqft ∙ Built 1938
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.99
    •  
  • 863 Collier Dr San Leandro, CA 3
    • 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 1945 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 1945
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.35
    •  
PROPERTY LISTING DETAILS
Carrie Miles
Rinetti & Co., Realtors
BESbswy