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37830 Spring Tide Rd Newark, CA 94560

3 Beds 3 Baths 1,712 sqft Built 2017

$1,085,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $633.76
  • 5 Days on Market
  • MLS # : BE40928939
  • Updated Date : 11/11/2020 at 19:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Welcome home! This is an amazing community full of perks. Location couldn't be better, you are minutes away from Tesla, Facebook, Google, Lucid Motors and more. This home is the most sought after floorplan in the community. The chefs kitchen offers plenty of counter space, a large island and desirable gas range. Right off the kitchen is a large patio area perfect for entertaining. Upstairs is the relaxing master bedroom suite and two secondary bedrooms along with laundry room and hall bathroom. The third level is a large loft area that could be used as a fourth bedroom, office or fun entertainment space with the adjoining oversized deck area. This is a must see home!

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
Schilling Elementary School Primary Regular 468 19 3
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

Schilling Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 19
3
GreatSchools Rating

Newark Junior High School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 41
4
GreatSchools Rating

Newark Memorial High School

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

$976,500$1,193,500$1,085,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$4,003
Property Tax -$1,163
Property Insurance -$68
HOA -$110
Property Management Fees -$180
CASH FLOW
-$1,854

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.

$1,085,000

PROJECTED PRICE

$3,670

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$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$293,275

INVESTMENT

$293,275

Down Payment
$271,250
Rehab Estimate
$5,750
Closing Costs
$16,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $271,250
Loan Amount $813,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$122

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
  • $3,852

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,100
$4,100
RENT COMPS ANALYSIS
  • 37830 Spring Tide Rd Newark, CA 1
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8535 Central Ave Newark, CA 2
    • 3 beds 4 baths ∙ 1,634 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,634 Sqft ∙ Built 2018
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.33
    •  
  • 8507 Central Ave Newark, CA 3
    • 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2018
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.17
    •  
PROPERTY LISTING DETAILS
Valerie Ruby
Redfin
BESbswy