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35321 Cheviot Ct Newark, CA 94560

4 Beds 2 Baths 1,636 sqft Built 1972

$1,125,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $687.65
  • 4 Days on Market
  • MLS # : ML81824306
  • Updated Date : 12/31/2020 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This 4 bedroom, 2 bath home has a fabulous open floorplan with vaulted ceiling and many upgrades throughout. Located at a quiet cul-de-sac lot within a highly desirable Newark Lakes community. Beautiful kitchen with quartz countertops, white cabinetry and stainless steel appliances, recessed lighting & breakfast bar. New interior painting, updated bathrooms, laminate flooring through out the house. Professionally landscaped front yard and low maintenance backyard. Basketball hoop in side yard. Walking distance to Newark Lake, close to schools, Easy commute to Facebook & Silicon Valley High Tech Companies, & More. Near Dumbarton Bridge, easy access to Highway 84 & 880, Facebook Campus & 4 shopping centers (Sprouts, Ranch 99, etc).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newark

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $249k1015k

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

Neighborhood: Newark

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15853195

* 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
John F. Kennedy Elementary School Primary Regular 369 15 6
John F. Kennedy Elementary School Middle Regular 369 15 6
Newark Memorial High School High Magnet 1,850 73 6

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 369
  • # of teachers: 15
6
GreatSchools Rating

John F. Kennedy Elementary School

  • Education Level: Middle
  • # of students: 369
  • # of teachers: 15
6
GreatSchools Rating

Newark Memorial High School

  • Education Level: High
  • # of students: 1,850
  • # of teachers: 73
6
GreatSchools Rating
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$4,151
Property Tax -$1,202
Property Insurance -$67
Property Management Fees -$171
CASH FLOW
-$2,110

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.

$1,125,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.5%
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-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$86

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
  • $3,468

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,3004$3,4005$3,550
$3,550
RENT COMPS ANALYSIS
  • 35321 Cheviot Ct Newark, CA 1
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
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    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 1987
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    • Rent Per SQFT
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    • $3,250
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  • 34689 Spoonbill Cmn Fremont, CA 3
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1987
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    • Rent
    • Rent Per SQFT
    •  
    • $3,300
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  • 4802 Mallard Cmn Fremont, CA 4
    • 4 beds 3 baths ∙ 1,646 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,646 Sqft ∙ Built 1987
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.07
    •  
  • 34462 Benedick Ln Fremont, CA 5
    • 4 beds 3 baths ∙ 1,648 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,648 Sqft ∙ Built 1986
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.15
    •  
PROPERTY LISTING DETAILS
Lucy Song
Compass
BESbswy