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37469 Southwood Dr Fremont, CA 94536

3 Beds 2 Baths 1,119 sqft Built 1954

INVESTimate

$879,950

List Price

$2,770

$2,520 - $3,020

Rent Est.

$974,369  ( +10.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $786.37
  • 6 Days on Market
  • MLS # : ML81807156
  • Updated Date : 08/21/2020 at 17:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,119 sqft
  • Baths : 2 full
Listing Agent

Dumas & Company

Listing Agent's Description

GORGEOUS CENTERVILLE GARDEN HOME 3 BEDROOM, 2 BATH HOME IS LIGHT AND BRIGHT AND SURE TO DELIGHT. FEATURING HDWD FLOORS, YOU WILL LOVE THE SPACIOUS LIVING COMPLETE WITH AN INVITING FIREPLACE AND LARGE WINDOWS. ALL 3 BEDROOMS ARE BATHED IN NATURAL LIGHT AND HIGHLIGHTED WITH GENEROUS CLOSET SPACE. THE KITCHEN HAS AMPLE CABINET SPACE AND BOASTS A GARDEN WINDOW, STAINLESS STEEL APPLIANCES AND A SUNROOM THAT IS BEING USED AS A DINING AREA, BUT OFFERS LOTS OF FLEXIBILITY. THIS IS AN IDEAL SPOT FOR PEOPLE WORKING FROM HOME OR FOR A DISTANCE LEARNER. REACHING THE BACKYARD THROUGH THE SLIDING DOOR, YOU CAN'T HELP BUT NOTICE AND APPRECIATE THE PEACEFUL AND RELAXING SETTING, THIS IS OUTDOOR LIVING AT ITS BEST. THIS INVITING YARD TRULY IS AN EXTENSION OF THE KITCHEN/DR AREA AND WILL BE ENJOYED TIME AND TIME AGAIN. THE 2-CAR GARAGE HAS A WORKBENCH AND STORAGE; LOCATED A SHORT DISTANCE FROM MAJOR COMMUTING POINTS, GETTING UP AND DOWN THE EAST BAY OR OVER TO THE PENINSULA IS A BREEZE!

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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
Glenmoor Elementary School Primary Regular 656 26 7
Centerville Junior High School Middle Regular 967 37 7
Washington High School High Regular 1,833 69 8

Glenmoor Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 26
7
GreatSchools Rating

Centerville Junior High School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 37
7
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,833
  • # of teachers: 69
8
GreatSchools Rating
 

$791,955$967,945$879,950

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$3,247
Property Tax -$962
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$1,642

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.

$879,950

PROJECTED PRICE

$2,770

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.73%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,937

INVESTMENT

$238,937

Down Payment
$219,988
Rehab Estimate
$5,750
Closing Costs
$13,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,988
Loan Amount $659,963
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$70

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,770

    LIST RENT
  • $2.48

    LIST RENT PER SQFT
  • $2,775

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$3,1503$3,3004$3,500
$3,500
RENT COMPS ANALYSIS
  • 37469 Southwood Dr Fremont, 1
    • 3 beds 2 baths ∙ 1,119 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,119 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $2.48
    •  
  • 38709 Farwell Drive Fremont, 2
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961
    property image
    LEASED 04/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.35
    •  
  • 5520 Tilden Pl Fremont, 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.38
    •  
  • 4742 El Rey Ave Fremont, 4
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1955
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.71
    •  
PROPERTY LISTING DETAILS
Maxine & Michelle Dumas
Dumas & Company
BESbswy