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255 Best Ave San Leandro, CA 94577

2 Beds 2 Baths 1,154 sqft Built 1924

$789,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $683.71
  • 7 Days on Market
  • MLS # : EB40928595
  • Updated Date : 11/09/2020 at 14:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,154 sqft
  • Baths : 1 full , 1 half
Listing Agent

Golden Gate Sotheby's International Realty

Listing Agent's Description

This fairy tale tudor retains period charm throughout the flowing floorplan. The gracious living room is airy and bright with a high vaulted ceiling and glass paned doors leading to the dining room. The kitchen is bright and comfortable with a tiled floor, butcher block countertops and adjoining breakfast nook. The spacious bedrooms provide peaceful views of the back garden. The full bathroom is vibrant with vintage emerald green tiles, a tub and a separate stall shower. Stepping into the lush backyard you are greeted by the palm tree shaded pergola and private flat grassy yard, creating a sanctuary. Hobbies have a home in the large workshop sharing separated space in the oversized one-car garage. Located in coveted Best Manor neighborhood you're never too far from a plethora of neighborhood restaurants and cafes. Ease of access to highways and BART. Neighborhood parks offer places to play and with the Oyster Bay Regional Shoreline also nearby, spending time by the bay is a breeze.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Best Manor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $219k1029k

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

Neighborhood: Best Manor

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13473193

* 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
 

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

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,911
Property Tax -$900
Property Insurance -$55
Property Management Fees -$149
CASH FLOW
-$1,405

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

$2,610

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 75% 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

0.17

YEARS SAVED

$85

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $2.26

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,6103$3,000
$3,000
RENT COMPS ANALYSIS
  • 255 Best Ave San Leandro, CA 2
    • 2 beds 2 baths ∙ 1,154 Sqft ∙ Built 1924 2 beds 2 baths ∙ 1,154 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $2.26
    •  
  • 262 Bristol Blvd San Leandro, CA 1
    • 2 beds 2 baths ∙ 1,325 Sqft ∙ Built 1943 2 beds 2 baths ∙ 1,325 Sqft ∙ Built 1943
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.51
    •  
  • 291 Lorraine Blvd San Leandro, CA 3
    • 2 beds 2 baths ∙ 1,495 Sqft ∙ Built 1941 2 beds 2 baths ∙ 1,495 Sqft ∙ Built 1941
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
PROPERTY LISTING DETAILS
Patricia Holm
Golden Gate Sotheby's International Realty
BESbswy