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32479 Joyce Way Union City, CA 94587

4 Beds 2 Baths 1,566 sqft Built 1972

$1,075,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $686.46
  • 3 Days on Market
  • MLS # : BE40931240
  • Updated Date : 12/12/2020 at 20:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Newly remodeled, charming, highly desirable home with spacious 4 bedrooms 2 baths located in a very quiet neighborhood. A recently landscaped home that has been beautifully maintained and upgraded with all new kitchen and baths, laminate floors, porcelain tiles, baseboards, doors, fixtures, cabinetry, recessed lighting, fixtures, countertops, appliances, including new double pane windows, and copper piping throughout. The spacious two-car garage has also been updated with textured & painted walls, new washer & dryer hookups, along with a new water heater. Low maintenance backyard has a covered patio, and plenty of open space for kids to play while parents entertain! Great location near I-880/84/92, minutes from Union Landing shops and restaurants, parks and schools within walking distance, and a short drive to Bart and CalTrain. Truly move-in ready-https://my.matterport.com/show/?m=4WWydcddKF1&mls=1

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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
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,966
Property Tax -$1,016
Property Insurance -$65
Property Management Fees -$151
CASH FLOW
-$2,119

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.

$1,075,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.29%

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$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$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$61

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,065

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0803$3,2004$3,3005$3,650
$3,650
RENT COMPS ANALYSIS
  • 32479 Joyce Way Union City, CA 2
    • 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.97
    •  
  • 4537 Ellen Way Union City, CA 1
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1971
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.88
    •  
  • 33208 Lake Superior Ct Fremont, CA 3
    • 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
    •  
  • 33913 Tybalt Ct Fremont, CA 4
    • 4 beds 3 baths ∙ 1,717 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,717 Sqft ∙ Built 1986
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.92
    •  
  • 4337 Palmdale St Union City, CA 5
    • 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 1986
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.02
    •  
PROPERTY LISTING DETAILS
Gagan Singh
Compass
BESbswy