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32501 Shiela Way Union City, CA 94587

3 Beds 2 Baths 1,320 sqft Built 1974

INVESTimate

$969,000

List Price

$3,050

$2,800 - $3,300

Rent Est.

$262,535

Investment Est.

$1,078,400  ( +11.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $734.09
  • 3 Days on Market
  • MLS # : ML81807487
  • Updated Date : 08/24/2020 at 08:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Really Nice Neighborhood with a move-in ready single house with a Large corner lot 7343sqft. Lots of updates! 4 years old roof and central heating. Large yard with an extension option, mature fruits plants, large storage shed. Easy access to Highway, Bart, Alameda Creek Trail, Coyote Hills, shopping, park, dining and entertainment at nearby union landing, and major employers of the bay area. No.1 Delaine Eastin Elementary 9 score! Fantastic! Don't' miss it !!

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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
 

FINANCIALS

Learn how to read this

$872,100$1,065,900$969,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING
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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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,575
Property Tax -$916
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,650

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.

$969,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.29%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$262,535

INVESTMENT

$262,535

Down Payment		 $242,250
Rehab Estimate		 $5,750
Closing Costs		 $14,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $242,250
Loan Amount $726,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT

  • $2.31

    LIST RENT PER SQFT

  • $3,046

    COMP ESTIMATED VALUE

  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$3,0003$3,0504$3,3005$3,600
$3,600
RENT COMPS ANALYSIS
  • 32501 Shiela Way Union City, 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.31
    •  
  • 31132 Watkins St Union City, 1
    • 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1978
    LEASED 03/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.41
    •  
  • 4572 Celia Ct Fremont, 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1986
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.17
    •  
  • 33186 Lake Pyramid Street Fremont, 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1969
    LEASED 03/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.36
    •  
  • 34345 Zircon Ter Fremont, 5
    • 4 beds 3 baths ∙ 1,570 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,570 Sqft ∙ Built 1990
    LEASED 03/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.29
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Hebe Li
Intero Real Estate Services

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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