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2351 Glenview Street Alameda, CA 94501

4 Beds 3 Baths 2,361 sqft Built 2007

$1,300,000

List Price

$4,790

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $550.61
  • 7 Days on Market
  • MLS # : MR40927864
  • Updated Date : 11/16/2020 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Global Living

Listing Agent's Description

Exceptional open floor plan perfectly designed for families or anyone who desires relaxed yet elegant living. Gorgeous wood flooring, large gourmet kitchen with ample cabinets, large island, stainless steel appliances and an exquisite bar with built-in wine cooler. High ceilings and tall windows, plantation shutters, spacious living room, elegant dining room, breakfast area, inviting family room with fireplace and built-in book shelves. Enjoy outdoor grilling and dining under a well crafted pergola fitted with lights, large backyard with both astro turf and hardscaping perfect for outdoor entertaining and play. 4 bedrooms including extra large master bedroom with walk-in closet, oversized hallway / ideal bonus living space, bathrooms with double sinks, laundry room. AC. Near wineries & breweries, Alameda Landing and Webster Street shopping and dining, Main Street Ferry Terminal, anticipated Seaplane Lagoon Ferry Terminal, Trans-bay buslines, & Alameda Science and Technology Institute.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bayport

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1437k

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

Neighborhood: Bayport

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714527

* 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
Ruby Bridges Elementary School Primary Regular 588 24 3
Will C. Wood Middle School Middle Regular 439 27 7
Encinal Jr-sr High School High Regular 1,052 52 6

Ruby Bridges Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 24
3
GreatSchools Rating

Will C. Wood Middle School

  • Education Level: Middle
  • # of students: 439
  • # of teachers: 27
7
GreatSchools Rating

Encinal Jr-sr High School

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 52
6
GreatSchools Rating
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$4,311$5,269$4,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,790
EXPENSES Loan Payment -$4,796
Property Tax -$1,574
Property Insurance -$84
HOA -$165
Property Management Fees -$235
CASH FLOW
-$2,065

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.

$1,300,000

PROJECTED PRICE

$4,790

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,796

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$285

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,790

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $5,548

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$4,790
1$4,7902$5,900
$5,900
RENT COMPS ANALYSIS
  • 2351 Glenview Street Alameda, CA 1
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $4,790
    • $2.03
    •  
  • 415 Morrison Ln Alameda, CA 2
    • 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2018
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $2.35
    •  
PROPERTY LISTING DETAILS
Ravi Malhotra
Corcoran Global Living
BESbswy