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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Union City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,235
LOAN DETAILS
$2,763
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,250 |
| Loan Amount | $561,750 |
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
-
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
Coldwell Banker Realty
