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2212 Grouse Way Union City, CA 94587

4 Beds 3 Baths 1,661 sqft Built 1978

INVESTimate

$950,000

List Price

$3,380

$3,130 - $3,630

Rent Est.

$1,071,600  ( +12.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $571.94
  • 7 Days on Market
  • MLS # : BE40917047
  • Updated Date : 08/25/2020 at 10:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

This truly stunning single family home is privately nestled in the beautiful neighborhood. This open floor plan offers 4 beds, 2.5 baths. Vaulted ceiling living room with wood burn fireplace. Bright family room with sliding door to the big backyard. Recently upgraded kitchen with breakfast bar. Fresh interior painting through out. Central AC & heating. Double pane windows. Spacious master bedroom with walk in closet. Gorgeous front & backyard with various fruit trees. Close to BART, shopping & freeways I-880, I-680, 84. Walking distance to Arroyo Park, Quarry Lake Regional Park, Marina Food, Safeway. 20 mins driving to Facebook. Come to this beautiful home and all it has to offer!

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PRICE & RENT TRENDS

Neighborhood: Downtown Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1030k

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

Neighborhood: Downtown Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323363

* 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
Emanuele Elementary School Primary Regular 653 25 5
Cesar Chavez Middle School Middle Regular 1,283 50 3
James Logan High School High Regular 3,912 153 7

Emanuele Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 25
5
GreatSchools Rating

Cesar Chavez Middle School

  • Education Level: Middle
  • # of students: 1,283
  • # of teachers: 50
3
GreatSchools Rating

James Logan High School

  • Education Level: High
  • # of students: 3,912
  • # of teachers: 153
7
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$3,505
Property Tax -$1,152
Property Insurance -$67
Property Management Fees -$166
CASH FLOW
-$1,510

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.

$950,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.80%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,517

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3803$3,4504$3,4505$4,095
$4,095
RENT COMPS ANALYSIS
  • 2212 Grouse Way Union City, 2
    • 4 beds 3 baths ∙ 1,661 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,661 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $2.03
    •  
  • 36045 Larch Way Fremont, 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1961
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.96
    •  
  • 35046 Lilac Loop Union City, 3
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.21
    •  
  • 3332 Kipling Pl Fremont, 4
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1971
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.01
    •  
  • 372 Rivercreeck Drive Fremont, 5
    • 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1989
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,095
    • $2.29
    •  
PROPERTY LISTING DETAILS
Jing Xue
Re/max Accord
BESbswy