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33721 Heritage Way Union City, CA 94587

4 Beds 3 Baths 3,020 sqft Built 1999

$1,499,000

List Price

$4,440

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $496.36
  • 2 Days on Market
  • MLS # : BE40928506
  • Updated Date : 11/07/2020 at 16:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Stunning Luxury Home in sought after Heritage Pointe. Gorgeous Estate Model by Pulte features an open-concept floor plan with vaulted ceilings, large windows and tons of natural light. Dramatic entry with formal living and dining and a family-kitchen combo with a great room feel. Loft/bonus area is potential 5th bedroom (original builder option). Expansive kitchen with a large center island with breakfast bar seating, work space, ample countertop and cabinet space, SS appliances, 5 burner gas stove. Prime location with quick access to BART, ACE train, Dumbarton, I-880, 84 & 92.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1030k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Downtown Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323363

* 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
Tom Kitayama Elementary School Primary Regular 914 33 6
Cesar Chavez Middle School Middle Regular 1,283 50 3
James Logan High School High Regular 3,912 153 7

Tom Kitayama Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 33
6
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
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$3,996$4,884$4,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,440
EXPENSES Loan Payment -$5,531
Property Tax -$1,817
Property Insurance -$100
Property Management Fees -$218
CASH FLOW
-$3,225

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.

$1,499,000

PROJECTED PRICE

$4,440

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
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$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$23

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
  • $4,802

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,265
$4,265
RENT COMPS ANALYSIS
  • 33721 Heritage Way Union City, CA 1
    • 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 34480 Torrey Pine Ln Union City, CA 2
    • 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2003
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,265
    • $1.59
    •  
PROPERTY LISTING DETAILS
Kaajal Shahani
Intero Real Estate Services
BESbswy