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2137 Whelan Ave San Leandro, CA 94577

3 Beds 2 Baths 1,274 sqft Built 1944

$789,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1944
  • Price/Sqft : $619.31
  • 5 Days on Market
  • MLS # : BE40927510
  • Updated Date : 10/31/2020 at 08:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

Varos Real Estate

Listing Agent's Description

Darling updated Assumption Parish home on a large corner lot. Ample upgrades to this sweet home include new flooring, dual paned windows, updated kitchen with granite counters and tile floor, updated bathrooms, energy efficient HVAC, Solar and MORE! Master suite. Quiet neighborhood perfect for walkability and accessibility to shops, schools and freeways. Don't let this one slip by!

SEE MORE

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
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,911
Property Tax -$900
Property Insurance -$58
Property Management Fees -$163
CASH FLOW
-$702

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.

$789,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.42%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$16,643

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,330

    LIST RENT
  • $2.61

    LIST RENT PER SQFT
  • $3,351

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,330
1$3,3302$3,500
$3,500
RENT COMPS ANALYSIS
  • 2137 Whelan Ave San Leandro, CA 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1944
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $2.61
    •  
  • 1975 Trombas Ave San Leandro, CA 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.63
    •  
PROPERTY LISTING DETAILS
Terry Martinez
Varos Real Estate
BESbswy