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36573 Christine Ct. Newark, CA 94560

3 Beds 1 Baths 942 sqft Built 1953

$749,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $795.12
  • 5 Days on Market
  • MLS # : BE40927630
  • Updated Date : 10/30/2020 at 22:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 942 sqft
  • Baths : 1 full
Listing Agent

Realty Experts

Listing Agent's Description

Great location on a quiet court, with plenty of room to add on or build an ADU. This home comes with 3bd and 1ba. updated windows and RV access.

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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
James Graham Elementary School Primary Regular 423 17 3
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

James Graham Elementary School

  • Education Level: Primary
  • # of students: 423
  • # of teachers: 17
3
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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,763
Property Tax -$803
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$935

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.

$749,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,313

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
  • $3,024

    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
  • 36573 Christine Ct. Newark, CA 1
    • 3 beds 1 baths ∙ 942 Sqft ∙ Built 1953 3 beds 1 baths ∙ 942 Sqft ∙ Built 1953
    property image
    • 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
    property image
    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
    property image
    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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.89
    •  
PROPERTY LISTING DETAILS
Gustavo Ruezga
Realty Experts
BESbswy