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35787 Gissing Pl Fremont, CA 94536

4 Beds 2 Baths 1,830 sqft Built 1970

$1,348,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $736.61
  • 3 Days on Market
  • MLS # : ML81825976
  • Updated Date : 01/16/2021 at 17:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,830 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This magnificent single-level home offers a desirable floor plan with 4 bedrooms and 2 full bathroom. The opened kitchen has been gorgeously updated with new shaker cabinetry, quartz countertops, tile backsplash, and stainless steel appliances. Enjoy your bonus sunroom and appreciate the expansive space, which is a delight for entertaining. The master and hall bathrooms have been tastefully updated with new vanities, shower and/or tub, light fixtures and tiled flooring. This home includes a new roof, laminate flooring, recessed lighting, light fixtures, ceiling fans, rain gutters and dual pane windows to allow for cross-breezes and an abundance of natural sunlight. Property is also equipped with air conditioning. Conveniently located on a cul-de-sac near Quarry Lakes, Alameda Creek Regional Trail, shopping, restaurants, coffee shops and a short drive to the freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Brookvale

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1212k

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

Neighborhood: Brookvale

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Brookvale Elementary School Primary Regular 658 26 7
Thornton Junior High School Middle Regular 1,156 38 8
American High School High Regular 1,985 80 10

Brookvale Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 26
7
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
 

$1,213,200$1,482,800$1,348,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$4,682
Property Tax -$1,473
Property Insurance -$71
Property Management Fees -$175
CASH FLOW
-$2,832

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.

$1,348,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.26%

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 5.09%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$362,970

INVESTMENT

$362,970

Down Payment
$337,000
Rehab Estimate
$5,750
Closing Costs
$20,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,682

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,000
Loan Amount $1,011,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$43

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
  • $3,569

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,4004$3,4505$3,600
$3,600
RENT COMPS ANALYSIS
  • 35787 Gissing Pl Fremont, CA 1
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36702 Reynolds Dr Fremont, CA 2
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1972
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.96
    •  
  • 36180 Corsica Pl Fremont, CA 3
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1965
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.88
    •  
  • 3332 Kipling Pl Fremont, CA 4
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1971
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.01
    •  
  • 36068 Ashton Pl Fremont, CA 5
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1971
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.95
    •  
PROPERTY LISTING DETAILS
Alexander Lam
Compass
BESbswy