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2766 Grant Ln Alameda, CA 94501

4 Beds 4 Baths 2,510 sqft Built 2015

$1,348,888

List Price

$5,020

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $537.41
  • 6 Days on Market
  • MLS # : BE40927920
  • Updated Date : 11/03/2020 at 12:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,510 sqft
  • Baths : 3 full , 1 half
Listing Agent

Prospect Real Estate

Listing Agent's Description

Well-appointed 2015 home spanning three levels. Open concept floorplan downstairs common space perfect for entertaining with lots of natural light. All bedrooms have attached bathrooms and plush carpeting. Conveniently located within walking distance to Alameda Landing with shops, supermarkets, restaurants, gyms, and much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alameda Landing

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $252k1279k

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

Neighborhood: Alameda Landing

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16325233

* 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
 

$1,213,999$1,483,777$1,348,888

PURCHASE PRICE

$4,518$5,522$5,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,020
EXPENSES Loan Payment -$4,977
Property Tax -$1,562
Property Insurance -$88
HOA -$151
Property Management Fees -$246
CASH FLOW
-$2,003

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.

$1,348,888

PROJECTED PRICE

$5,020

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,205

INVESTMENT

$363,205

Down Payment
$337,222
Rehab Estimate
$5,750
Closing Costs
$20,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,222
Loan Amount $1,011,666
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$999

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
  • $5,899

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,900
$5,900
RENT COMPS ANALYSIS
  • 2766 Grant Ln Alameda, CA 1
    • 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 415 Morrison Ln Alameda, CA 2
    • 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2018
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $2.35
    •  
PROPERTY LISTING DETAILS
Jamie Liu
Prospect Real Estate
BESbswy