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3731 Lamoureux Street San Leandro, CA 94578

3 Beds 2 Baths 1,517 sqft Built 1978

$695,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $458.14
  • 5 Days on Market
  • MLS # : MR40934112
  • Updated Date : 01/16/2021 at 20:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,517 sqft
  • Baths : 2 full
Listing Agent

Maxreal

Listing Agent's Description

Rare find beautiful home located at the gated community of Floresta Villa.This well maintained one story home has a community pool, spa and club house. It features spacious living room, high ceiling, bright formal dining room and kitchen, three bedrooms, including one master bedroom, two bathrooms, side by side two car garage, fresh new interior paint, nice backyard is great place for BBQ and relaxing. It is conveniently located few blocks to the local grocery stores and restaurants, only estimated 1.5 miles to Bayfair BART Station.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Floresta

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1029k

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

Neighborhood: Floresta

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13173193

* 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
James Monroe Elementary School Primary Regular 410 16 4
John Muir Middle School Middle Regular 962 44 3
San Leandro High School High Regular 2,601 119 4

James Monroe Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 16
4
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 44
3
GreatSchools Rating

San Leandro High School

  • Education Level: High
  • # of students: 2,601
  • # of teachers: 119
4
GreatSchools Rating
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,414
Property Tax -$788
Property Insurance -$64
HOA -$409
Property Management Fees -$149
CASH FLOW
-$834

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.

$695,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,919

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
  • $3,206

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,600
$3,600
RENT COMPS ANALYSIS
  • 3731 Lamoureux Street San Leandro, CA 1
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15503 Montreal St San Leandro, CA 2
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
  • 1418 Culver Pl San Lorenzo, CA 3
    • 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • Dayton Ct San Leandro, CA 4
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1977
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.17
    •  
PROPERTY LISTING DETAILS
Ken Kwok
Maxreal
BESbswy