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36575 Beutke Dr Newark, CA 94560

3 Beds 2 Baths 1,073 sqft Built 1959

$949,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $884.44
  • 3 Days on Market
  • MLS # : ML81819317
  • Updated Date : 11/06/2020 at 19:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,073 sqft
  • Baths : 2 full
Listing Agent

Sean Freeberg, Broker

Listing Agent's Description

A magnolia tree welcomes you to your brand new home. All new everything inside and out. Roof, windows, flooring, lighting, cabinetry, fireplace, tile work and so much more. Enjoy the clean modern look and feel with white oak engineered hardwood floors throughout the home and clean modern finishes waiting for you to add your personal touch. All new water-efficient plumbing and energy-efficient lighting fixtures. Located close to freeway access, parks, schools, and shopping. Lush landscape perfect for catching some sun and watching the hummingbirds enjoy the pomegranate tree from your private backyard. You don't want to miss this home.

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
Schilling Elementary School Primary Regular 468 19 3
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

Schilling Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 19
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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,501
Property Tax -$1,017
Property Insurance -$53
Property Management Fees -$157
CASH FLOW
-$1,528

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.

$949,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.34%

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$223

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
  • $3,541

    COMP ESTIMATED VALUE
  • $3.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,200
$4,200
RENT COMPS ANALYSIS
  • 36575 Beutke Dr Newark, CA 1
    • 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4742 El Rey Ave Fremont, CA 2
    • 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 3
    • 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
Beverly Robinson
Sean Freeberg, Broker
BESbswy