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37139 Elm St Fremont, CA 94536

3 Beds 2 Baths 1,423 sqft Built 1949

$825,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $579.76
  • 5 Days on Market
  • MLS # : BE40929635
  • Updated Date : 11/21/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,423 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Charming home located in a desirable, peaceful neighborhood. Kitchen and both bathrooms were remodeled in 1994. Kitchen has a delightful dining alcove. Formal dining area. Large living room with gas fireplace. Master bedroom has two closets, one of which is a walk in. Inside laundry room with sink. Water softener system. Heater and air conditioner are approx. 4-5 years old. Detached two car garage. Backyard covered BBQ structure. Coveted American High School and Thornton Junior High School attendance. Close to shopping, schools, 880/84 and all public amenities.

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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$3,044
Property Tax -$902
Property Insurance -$62
Property Management Fees -$150
CASH FLOW
-$1,097

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.

$825,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.37%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,431

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
  • $3,320

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0753$3,1004$3,100
$3,100
RENT COMPS ANALYSIS
  • 37139 Elm St Fremont, CA 1
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1949
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4134 Sabio Ct. Fremont, CA 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1967
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $2.50
    •  
  • 4470 Richmond Ave Fremont, CA 3
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.26
    •  
  • 4318 Castanos St Fremont, CA 4
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.24
    •  
PROPERTY LISTING DETAILS
Joanne Del Torre
Redfin
BESbswy