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37050 Alameda Ct Fremont, CA 94536

4 Beds 2 Baths 1,593 sqft Built 1964

$1,100,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $690.52
  • 5 Days on Market
  • MLS # : BE40926974
  • Updated Date : 11/02/2020 at 11:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,593 sqft
  • Baths : 2 full
Listing Agent

1st Choice Realty & Assoc

Listing Agent's Description

Location, Location, Location!! Enjoy amazing views of Mission Peak and the sunrise from your own front porch or living room in this light filled home with upgrades galore! This dream home is located in a cul de sac with great curb appeal featuring a brand new driveway and walkway and lovely front and backyard landscaping. Improvements include fresh int/ext paint, gleaming hardwood floors and new kitchen/dining floor, new appliances, remodeled baths, dual pane windows and a new roof in 2015. The spacious backyard is amazing and features fruit trees, a large patio, sprinklers, new landscaping and a play structure. The garage was converted to living space w/ its own entrance, w/o permits, is not included in the sq ft and can be converted back to a garage if desired. Walk to Thornton Jr High, American High School, and Fremont Christian School. EZ access to 880 and ACE Train station.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Centerville

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $241k1104k

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

Neighborhood: Centerville

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400Rent in $16093417

* 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
Oliveira Elementary School Primary Regular 695 26 7
Thornton Junior High School Middle Regular 1,156 38 8
American High School High Regular 1,985 80 10

Oliveira Elementary School

  • Education Level: Primary
  • # of students: 695
  • # 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$4,059
Property Tax -$1,202
Property Insurance -$66
Property Management Fees -$168
CASH FLOW
-$2,065

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.

$1,100,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.7%
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-$35k-$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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$83

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
  • $3,517

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,1004$3,2005$3,450
$3,450
RENT COMPS ANALYSIS
  • 37050 Alameda Ct Fremont, CA 1
    • 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4470 Richmond Ave Fremont, CA 2
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.26
    •  
  • 4318 Castanos St Fremont, CA 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.24
    •  
  • 38654 Lavender Pl Newark, CA 4
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.12
    •  
  • 35046 Lilac Loop Union City, CA 5
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.21
    •  
PROPERTY LISTING DETAILS
Sherrill Root
1st Choice Realty & Assoc
BESbswy