Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

32416 New Harbor Way Union City, CA 94587

5 Beds 4 Baths 2,766 sqft Built 1998

$1,500,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $542.30
  • 2 Days on Market
  • MLS # : BE40933763
  • Updated Date : 01/09/2021 at 18:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,766 sqft
  • Baths : 3 full , 1 half
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

One of the best neighborhood in Union City. You will fall in love with this home as you enter into the double door. Elegant living area with vaulted ceiling, formal dining for entertaining friends and family members. Light and bright kitchen with breakfast nook and family room. Sliding door in the family room opens up to spacious backyard which has has concrete patio, beautiful lawn and gorgeous water fountain.Plantation shutters throughout the home. Convenient downstairs master suite. Second floor has 4 bedroom and 2 bathrooms which include one master suite. 3 car garage with Epoxy flooring and custom cabinetry. Close to top rated Delaine Eastin Elementary school, new Facebook campus in Fremont, easy access to 880/92/84, Dumbarton Bridge. Short walk to Coyote Hills Regional Park.

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
Delaine Eastin Elementary School Primary Regular 874 32 9
Itliong-vera Cruz Middle School Middle Regular NA
James Logan High School High Regular 3,912 153 7

Delaine Eastin Elementary School

  • Education Level: Primary
  • # of students: 874
  • # of teachers: 32
9
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
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$5,210
Property Tax -$1,418
Property Insurance -$94
Property Management Fees -$208
CASH FLOW
-$2,680

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.

$1,500,000

PROJECTED PRICE

$4,250

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$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$90

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
  • $4,481

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$4,500
$4,500
RENT COMPS ANALYSIS
  • 32416 New Harbor Way Union City, CA 1
    • 5 beds 4 baths ∙ 2,766 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,766 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 32545 Lake Tana St Fremont, CA 2
    • 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
    •  
  • 32405 Monterey Dr Union City, CA 3
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1994
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.75
    •  
PROPERTY LISTING DETAILS
Sudhir Gupta
Legacy Real Estate & Assoc.
BESbswy