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36215 Colbert Pl Newark, CA 94560

3 Beds 2 Baths 1,230 sqft Built 1962

$925,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $752.03
  • 5 Days on Market
  • MLS # : BE40930796
  • Updated Date : 12/04/2020 at 16:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

EXTREMELY RARE FIND in Newark at the end of a quiet cul-de-sac! This COMPLETELY UPDATED home is spacious, comfortable, and allows tons of natural light! Modern updates include. granite countertops, tile backsplash, custom wood cabinetry, stainless steel appliances, wood laminate floors, recessed lighting, remodeled bathrooms, wainscoting paneled walls, brand new carpet, and SO MUCH MORE! There is a front courtyard that's perfect for enjoying the morning sun, a good book, and a cup of tea! The OVERSIZED backyard is a private garden oasis with a jacuzzi... newer pergola AND gazebo... 2 beautiful water features... and custom lighting surrounding the perimeter, creating a relaxing ambiance after a long day. It is truly something to see! Location is PERFECT! Just minutes from Facebook and Tesla expansion offices, Dumbarton Bridge, 880 freeway, and Newpark Mall's multiple shops and restaurants ! This is not a MUST SEE, this is a MUST HAVE!

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
Snow Elementary School Primary Regular 406 17 4
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

Snow Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 17
4
GreatSchools Rating

Newark Junior High School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 41
4
GreatSchools Rating

Newark Memorial High School

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

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,413
Property Tax -$991
Property Insurance -$57
Property Management Fees -$167
CASH FLOW
-$1,218

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.

$925,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.37%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,107

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
  • $3,948

    COMP ESTIMATED VALUE
  • $3.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$3,5004$4,200
$4,200
RENT COMPS ANALYSIS
  • 36215 Colbert Pl Newark, CA 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 35532 Cabrillo Dr Fremont, CA 2
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1958
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $3.03
    •  
  • 4742 El Rey Ave Fremont, CA 3
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1955
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.71
    •  
  • 5541 Fernwood Dr Newark, CA 4
    • 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
Bryan Vanheusen
Legacy Real Estate & Assoc.
BESbswy