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30891 Watkins St Union City, CA 94587

4 Beds 3 Baths 1,676 sqft Built 1904

$1,089,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1904
  • Price/Sqft : $649.76
  • 6 Days on Market
  • MLS # : BE40927985
  • Updated Date : 11/04/2020 at 08:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,676 sqft
  • Baths : 3 full
Listing Agent

Century 21 Re Alliance

Listing Agent's Description

30981~ Step into the original sun porch to this gorgeously remodeled 1900's home and feel the warmth, and see the upgrades through the picturesque window that offers bright natural light. This beautiful home is surrounded by custom landscaping, lighting, and located on a generous corner lot. No space has been spared, linen closets in the bathrooms, pull out cabinets and more. Nearly a complete remodel. Walk score of 83! Great Location! 30983~ This little home offers a lot to love! 1 bed/1 bath with separate driveway, laundry room and storage unit. This property is a MUST SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alvarado

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1028k

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

Neighborhood: Alvarado

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600Rent in $16323790

* 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
 

$980,100$1,197,900$1,089,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$4,018
Property Tax -$1,306
Property Insurance -$68
Property Management Fees -$162
CASH FLOW
-$2,244

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.

$1,089,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.6%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$294,335

INVESTMENT

$294,335

Down Payment
$272,250
Rehab Estimate
$5,750
Closing Costs
$16,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,250
Loan Amount $816,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$9

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
  • $3,536

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,075
$3,075
RENT COMPS ANALYSIS
  • 30891 Watkins St Union City, CA 1
    • 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 1904 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 1904
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30930 Vallejo St Union City, CA 2
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1903 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1903
    LEASED 11/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $2.11
    •  
PROPERTY LISTING DETAILS
Janella Anguiano
Century 21 Re Alliance
BESbswy