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307 Garcia Ave San Leandro, CA 94577

2 Beds 1 Baths 984 sqft Built 1939

$625,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1939
  • Price/Sqft : $635.16
  • 6 Days on Market
  • MLS # : BE40927945
  • Updated Date : 11/05/2020 at 15:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 984 sqft
  • Baths : 1 full
Listing Agent

Re/max Accord

Listing Agent's Description

Adorable cottage with gorgeous hardwood floors and new tile in the kitchen. Dine in the dining room, in the kitchen nook or on the covered deck in the backyard. Solar curtains completely surround the deck for cozy evenings and entertaining. Bathroom features a tub shower and a stall shower. Garage is currently being used as an office. The low maintenance garden is such a pleasant place to be. There is a bench around an orange tree. You will have lemons and limes too! Completely fenced and private yard. 2 sheds for storage. Attic over the garage. This house has been loved.

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PRICE & RENT TRENDS

Neighborhood: Farrelly Pond

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Farrelly Pond

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13173193

* 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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,306
Property Tax -$713
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
-$559

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.

$625,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $2.7

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,660
1$2,660
$2,660
RENT COMPS ANALYSIS
  • 307 Garcia Ave San Leandro, CA
    • 2 beds 1 baths ∙ 984 Sqft ∙ Built 1939 2 beds 1 baths ∙ 984 Sqft ∙ Built 1939
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $2.70
    •  
PROPERTY LISTING DETAILS
Jane Rowson
Re/max Accord
BESbswy