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36817 Papaya St Newark, CA 94560

3 Beds 3 Baths 1,664 sqft Built 1993

$1,025,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $615.99
  • 2 Days on Market
  • MLS # : ML81818545
  • Updated Date : 11/02/2020 at 16:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Champion Inc

Listing Agent's Description

Excellent location (1st exit off Dumbarton Bridge). Fantastic floorplan offers soaring ceilings and an abundance of natural light * Kitchen features , gas cooking, garden window, *Living room offers a cozy fireplace, 2.5 bathrooms, hall bath features jack & jill access between the guest rooms * Master suite has vaulted ceilings, spacious bathroom w/dual sink vanity & stall shower; walk-in closet too! * Central heating & A/C, inside laundry, dual pane windows, All appliances included* Easy maintenance backyard ! Convenient to Sprouts Shopping center, Dumbarton Bridge & 880 FWY, Challenger K-8 school, Wildlife refuge, Coyote Hills

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
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,782
Property Tax -$1,119
Property Insurance -$67
HOA -$71
Property Management Fees -$161
CASH FLOW
-$1,910

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.

$1,025,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.32%

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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$76

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
  • $3,278

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,400
$3,400
RENT COMPS ANALYSIS
  • 36817 Papaya St Newark, CA 1
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 34521 Winslow Ter Fremont, CA 2
    • 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1987
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.97
    •  
PROPERTY LISTING DETAILS
Gowthaman Gurusamy
Realty Champion Inc
BESbswy