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37187 Edith Street Newark, CA 94560

3 Beds 2 Baths 1,446 sqft Built 1958

$889,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $614.80
  • 4 Days on Market
  • MLS # : MR40928219
  • Updated Date : 11/05/2020 at 18:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

Rashmi Bhargava, Broker

Listing Agent's Description

Beautiful home in heart of bay area. Well connected and centrally located. Bright house with wood laminated flooring. Ready to move in Neat backyard and storage shed. New roof with permits and new driveway. Close to shopping, schools, hwy 84 & hwy 880. A must see and ready to move in.

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
E. L. Musick Elementary School Primary Regular 319 13 4
E. L. Musick Elementary School Middle Regular 319 13 4
Newark Memorial High School High Magnet 1,850 73 6

E. L. Musick Elementary School

  • Education Level: Primary
  • # of students: 319
  • # of teachers: 13
4
GreatSchools Rating

E. L. Musick Elementary School

  • Education Level: Middle
  • # of students: 319
  • # of teachers: 13
4
GreatSchools Rating

Newark Memorial High School

  • Education Level: High
  • # of students: 1,850
  • # of teachers: 73
6
GreatSchools Rating
 

$800,100$977,900$889,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$3,280
Property Tax -$953
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$1,464

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.

$889,000

PROJECTED PRICE

$2,980

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$164

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
  • $3,094

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,1004$3,2505$3,450
$3,450
RENT COMPS ANALYSIS
  • 37187 Edith Street Newark, CA 1
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1958
    • 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
    •  
  • 38891 Jonquil Dr Newark, CA 4
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.05
    •  
  • 3332 Kipling Pl Fremont, CA 5
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1971
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.01
    •  
PROPERTY LISTING DETAILS
Rashmi Bhargava
Rashmi Bhargava, Broker
BESbswy