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35143 Lucia St Fremont, CA 94536

3 Beds 2 Baths 1,564 sqft Built 1965

$1,098,800

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $702.56
  • 3 Days on Market
  • MLS # : ML81822215
  • Updated Date : 12/05/2020 at 22:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Sought after Cabrillo neighborhood with convenient commuter access to 880/Tesla/Amazon/Facebook and all amenities! Check out the Virtual Tour*Schools:Patterson/Thornton/American High*Longtime owners have updated the home beautifully including the kitchen and both baths*You'll love the gorgeous living room with fireplace that was expanded (456sf)with permits*The separate family room also has a fireplace(currently used as an office/den)The spacious kitchen features a breakfast bar/large dining area/granite counters/ stainless appliances/tile backsplash/gas cooktop and French doors leading to backyard. Amenities include: hardwood flooring, 2 car attached garage with new garage door, recessed lighting and plenty of natural light throughout* As an added bonus, you can escape to the detached office in the backyard, complete with electric heat & A/C. This multi-purpose room can also be used for storage, a meditation room, exercise/weight room or a quiet place to enjoy your morning cup of tea

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $252k1104k

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

Neighborhood: Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $15673417

* 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
 

$988,920$1,208,680$1,098,800

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$4,054
Property Tax -$1,201
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$2,519

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.

$1,098,800

PROJECTED PRICE

$2,950

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,932

INVESTMENT

$296,932

Down Payment
$274,700
Rehab Estimate
$5,750
Closing Costs
$16,482

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,054

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,700
Loan Amount $824,100
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$50

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
  • $3,218

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,1004$3,3005$3,590
$3,590
RENT COMPS ANALYSIS
  • 35143 Lucia St Fremont, CA 1
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4137 Becerra Dr Fremont, CA 2
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1974
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 4318 Castanos St Fremont, CA 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.24
    •  
  • 3583 Johnson Ct Fremont, CA 4
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1980
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.06
    •  
  • 4423 Macbeth Cir Fremont, CA 5
    • 4 beds 3 baths ∙ 1,717 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,717 Sqft ∙ Built 1984
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $2.09
    •  
PROPERTY LISTING DETAILS
Kathleen Capurso
Intero Real Estate Services
BESbswy