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35664 Conestoga Pl Newark, CA 94560

3 Beds 2 Baths 1,321 sqft Built 1964

$790,000

List Price

$3,790

$3.5K - $4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $598.03
  • 6 Days on Market
  • MLS # : BE40927417
  • Updated Date : 11/01/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,321 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Introducing a sensational opportunity for a single family tucked away in a private cul-de-sac location! This home has a desirable light & bright floor plan! Copper plumbing & sewer line installed approx. 6-years ago, upgraded ductwork & furnace installed approx. 5 years ago. Roof installed approx. November 2009. Large lot with a spacious backyard - perfect for relaxing or entertaining! This home is in a coveted location for commuters - next to Dumbarton Bridge 880 freeway, ACE commuter train & BART. Nearby park, schools, shopping, entertainment & local eateries. Close to beautiful Don Edwards National Wildlife Refuge, Coyote Hills & Ardenwood Historic Farm! Make this home your own - this amazing opportunity won't be around long!

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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
Lincoln Elementary School Primary Regular 418 16 8
Lincoln Elementary School Middle Regular 418 16 8
Newark Memorial High School High Magnet 1,850 73 6

Lincoln Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 16
8
GreatSchools Rating

Lincoln Elementary School

  • Education Level: Middle
  • # of students: 418
  • # of teachers: 16
8
GreatSchools Rating

Newark Memorial High School

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

$711,000$869,000$790,000

PURCHASE PRICE

$3,411$4,169$3,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,790
EXPENSES Loan Payment -$2,915
Property Tax -$846
Property Insurance -$59
Property Management Fees -$186
CASH FLOW
-$216

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.

$790,000

PROJECTED PRICE

$3,790

PROJECTED RENT

0.48%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$215,100

INVESTMENT

$215,100

Down Payment
$197,500
Rehab Estimate
$5,750
Closing Costs
$11,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,500
Loan Amount $592,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$60,732

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,790

    LIST RENT
  • $2.87

    LIST RENT PER SQFT
  • $5,139

    COMP ESTIMATED VALUE
  • $3.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,790
1$3,7902$4,200
$4,200
RENT COMPS ANALYSIS
  • 35664 Conestoga Pl Newark, CA 1
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $2.87
    •  
  • 5541 Fernwood Dr Newark, CA 2
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1961
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.89
    •  
PROPERTY LISTING DETAILS
Lester Belliveau
Coldwell Banker Realty
BESbswy