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32247 Coronation Dr Union City, CA 94587

3 Beds 2 Baths 1,374 sqft Built 1970

$799,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $581.51
  • 3 Days on Market
  • MLS # : MR40932294
  • Updated Date : 12/18/2020 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 2 full
Listing Agent

Ackerman Realty Group

Listing Agent's Description

Welcome to this attractive neighborhood of Union City where homes are well manicured and pride of ownership flourishes. This is a very quiet enclave ideally situated with easy access to 880, 680, 580 and both bridges. Lovely 3 bedroom, 2 bathroom single floor home with updated kitchen, new flooring, fresh paint, and many upgrades and recent improvements. Families will enjoy the large, fenced yard readily accessed off the open LR/DR, ideal for BBQs, entertaining and gardening. 2 car garage with recently upgraded electrical panel, storage and washer/ dryer features interior access and side pedestrian door. New sewer lateral.

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
Tom Kitayama Elementary School Primary Regular 914 33 6
Itliong-vera Cruz Middle School Middle Regular NA
James Logan High School High Regular 3,912 153 7

Tom Kitayama Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 33
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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,948
Property Tax -$960
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$1,257

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.

$799,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.36%

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$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$10k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$298

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
  • $2,858

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,2005$3,448
$3,448
RENT COMPS ANALYSIS
  • 32247 Coronation Dr Union City, CA 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2443 Medallion Dr Union City, CA 2
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1970
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.30
    •  
  • 2494 Almaden Blvd Union City, CA 3
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 33208 Lake Superior Ct Fremont, CA 4
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1969
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 32212 Claremont St Union City, CA 5
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1968
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,448
    • $2.00
    •  
PROPERTY LISTING DETAILS
Craig Ackerman
Ackerman Realty Group
BESbswy