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32684 Ithaca St Union City, CA 94587

3 Beds 2 Baths 1,248 sqft Built 1960

$749,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $600.16
  • 6 Days on Market
  • MLS # : BE40930707
  • Updated Date : 12/01/2020 at 21:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great starter home 3 br 2 ba with a patio cover. Spacious living room plus dining area. Central Heat. Located in the New Haven (Union City) School District. Close to Union City BART, Shopping Center, Mission Hills Golf Course & Garin Regional Park. Sold "As-Is" Condition. Recent Termite, Roof, Chimney, and Property Inspections Available. Great for commuters. Close freeway and public transportation.

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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
Hillview Crest Elementary School Primary Regular 624 25 3
Cesar Chavez Middle School Middle Regular 1,283 50 3
James Logan High School High Regular 3,912 153 7

Hillview Crest Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 25
3
GreatSchools Rating

Cesar Chavez Middle School

  • Education Level: Middle
  • # of students: 1,283
  • # of teachers: 50
3
GreatSchools Rating

James Logan High School

  • Education Level: High
  • # of students: 3,912
  • # of teachers: 153
7
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,763
Property Tax -$900
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$1,240

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.

$749,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,668

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$3,2003$3,2004$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 32684 Ithaca St Union City, CA 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $2.11
    •  
  • 2494 Almaden Blvd Union City, CA 2
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 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
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 1870 Hartnell St Union City, CA 4
    • 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.16
    •  
  • Whitehead Ln Fremont, CA 5
    • 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.37
    •  
PROPERTY LISTING DETAILS
Sinath Thi
Coldwell Banker Realty
BESbswy