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37967 Harbor Light Rd Newark, CA 94560

3 Beds 3 Baths 2,192 sqft Built 2017

$1,399,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $638.23
  • 4 Days on Market
  • MLS # : ML81825744
  • Updated Date : 01/16/2021 at 19:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,192 sqft
  • Baths : 3 full
Listing Agent

Reali

Listing Agent's Description

Experience a new lifestyle at this modern, smart & luxuriously upgraded, 3 years new home in the highly sought Bayshores Community of Newark. Bask in quality, comfort, & convenience the bells and whistles of over $100K in builder upgrades can get you. Prepare family feasts in the upgraded kitchen w/pantry, shaker cabinets, oversized center island, quartz countertops & KitchenAid stainless steel appliances. This home sports innovative, high tech, appealing interior features including smart control enabled lighting, security cameras, garage, thermostat & more! Flex your creativity while living here; on the top floor is a large loft that can be used as an open area Work from Home space, workout room, or converted into another bedroom. A bedroom & full bath is conveniently located on the 1st floor; perfect for out of town guests. Linger in the open concept, living & dining area leading to the professionally designed backyard California room with fireplace, pavers & personal swimming pool.

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
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$4,859
Property Tax -$1,499
Property Insurance -$80
HOA -$110
Property Management Fees -$195
CASH FLOW
-$2,773

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.

$1,399,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.28%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,859

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$2

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
  • $4,019

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7953$3,8504$4,300
$4,300
RENT COMPS ANALYSIS
  • 37967 Harbor Light Rd Newark, CA 1
    • 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8549 Waveside Way Newark, CA 2
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.81
    •  
  • 38016 Salty Cove Rd Newark, CA 3
    • 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 2018
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.79
    •  
  • 6280 Honeysuckle Dr Newark, CA 4
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2000
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.90
    •  
PROPERTY LISTING DETAILS
Ron Laserna
Reali
BESbswy