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34521 Salinas Place Fremont, CA 94555

4 Beds 2 Baths 1,476 sqft Built 1972

$1,100,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $745.26
  • 4 Days on Market
  • MLS # : ML81824333
  • Updated Date : 01/02/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,476 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Infinity

Listing Agent's Description

"Contractor Special Fixer Special" Has good investment potential. Great bones in excellent neighborhood. Low maintenance back yard with sparkling pool and covered patio. K-12 Schools in the area are rated A+. Close to shopping and easy freeway access for commuting. Lots of City and Regional parks near by for play and exercise.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1162k

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

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16623863

* 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
Patterson Elementary School Primary Regular 619 23 6
Thornton Junior High School Middle Regular 1,156 38 8
American High School High Regular 1,985 80 10

Patterson Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 23
6
GreatSchools Rating

Thornton Junior High School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 38
8
GreatSchools Rating

American High School

  • Education Level: High
  • # of students: 1,985
  • # of teachers: 80
10
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$4,059
Property Tax -$1,200
Property Insurance -$63
Property Management Fees -$159
CASH FLOW
-$2,230

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.

$1,100,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$4.5M

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$28

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
  • $2,804

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,000
$3,000
RENT COMPS ANALYSIS
  • 34521 Salinas Place Fremont, CA 1
    • 4 beds 0 baths ∙ 1,476 Sqft ∙ Built 1972 4 beds 0 baths ∙ 1,476 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 34888 Sea Cliff Ter Fremont, CA 2
    • 3 beds 0 baths ∙ 1,580 Sqft ∙ Built 1980 3 beds 0 baths ∙ 1,580 Sqft ∙ Built 1980
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.90
    •  
PROPERTY LISTING DETAILS
Gary Morgan
Realty One Group Infinity
BESbswy