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207 Lexington Ave San Leandro, CA 94577

3 Beds 1 Baths 1,285 sqft Built 1940

$738,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $574.32
  • 3 Days on Market
  • MLS # : EB40929242
  • Updated Date : 11/14/2020 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,285 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

From the Little Free Library near the front walkway to the beautiful backyard, 207 Lexington has a long list of features. Among the approximately 1285 sq. ft. of living space are 3 bedrooms, 1 full bathroom, dining room and a wonderful retro kitchen with a farm sink, 1930's O'Keefe and Merritt stove and lots of counter and cabinet space. The fireplace, hardwood floors and beautiful natural light add to the warm and charm of this property. Upgrades include Fiber, whole-house fan, 2-zone central heat, & water heater. A portion of the garage was transformed into a spacious studio with a beamed ceiling and sliding glass doors that overlook the yard. This beautiful space could be so many things- home office? Guest room? Gym? The possibilities are endless! The lovely backyard speaks for itself! Fruit trees, vegetable garden, herbs, grape vine, patio, lawn...The North San Leandro location of this home is close to downtown shopping and dining areas and several forms of public transportation

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PRICE & RENT TRENDS

Neighborhood: Farrelly Pond

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Farrelly Pond

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13173193

* 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
Washington Elementary School Primary Regular 388 14 4
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Washington Elementary School

  • Education Level: Primary
  • # of students: 388
  • # of teachers: 14
4
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
 

$664,200$811,800$738,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,723
Property Tax -$842
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$902

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.

$738,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
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$201,320

INVESTMENT

$201,320

Down Payment
$184,500
Rehab Estimate
$5,750
Closing Costs
$11,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,723

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,500
Loan Amount $553,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,616

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
  • $3,103

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,500
$3,500
RENT COMPS ANALYSIS
  • 207 Lexington Ave San Leandro, CA 1
    • 3 beds 1 baths ∙ 1,285 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,285 Sqft ∙ Built 1940
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2031 81st Ave Oakland, CA 2
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.20
    •  
  • 1975 Trombas Ave San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.63
    •  
PROPERTY LISTING DETAILS
Michelle Miller
Compass
BESbswy