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30440 Meridien Cir Union City, CA 94587

4 Beds 3 Baths 2,357 sqft Built 1992

$1,297,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $550.28
  • 5 Days on Market
  • MLS # : BE40927529
  • Updated Date : 11/02/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 3 full
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

An elegant staircase greets you as you enter. Beautifully remodeled kitchen with new cabinets & stainless steel appliances, large island, garden window, gas stove. So much more upgraded thru-out...No short cuts in this home. You'll love the space and everything in this well-cared for home. Master suite features fireplace, large oval tub, walk-in closet & more. The rear yard offers a large deck and cover patio area. Owner has added many extras like access to attic for extra storage, access panel to behind entertainment center, extra recessed lighting, and so much more. Community pool is resort style and well-maintained. Kids can enjoy the area park & playground. Included are the Refrig, Washer, Dryer & TV, which makes this home ready to move into.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1028k

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

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323395

* 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
Alvarado Elementary School Primary Regular 901 32 6
Itliong-vera Cruz Middle School Middle Regular NA
James Logan High School High Regular 3,912 153 7

Alvarado Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 32
6
GreatSchools Rating

Itliong-vera Cruz Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

James Logan High School

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

$1,167,300$1,426,700$1,297,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$4,785
Property Tax -$1,565
Property Insurance -$84
HOA -$195
Property Management Fees -$178
CASH FLOW
-$3,167

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.

$1,297,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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-$50k-$40k-$30k-$20k-$10k$0.0

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$349,455

INVESTMENT

$349,455

Down Payment
$324,250
Rehab Estimate
$5,750
Closing Costs
$19,455

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,785

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,250
Loan Amount $972,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,640

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,665

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6403$3,700
$3,700
RENT COMPS ANALYSIS
  • 30440 Meridien Cir Union City, CA 2
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,640
    • $1.54
    •  
  • 32545 Lake Tana St Fremont, CA 1
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1980
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.49
    •  
  • 1701 Red Maple St Union City, CA 3
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.62
    •  
PROPERTY LISTING DETAILS
Barry Ripp
Legacy Real Estate & Assoc.
BESbswy