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38224 Luma Ter Newark, CA 94560

4 Beds 4 Baths 2,234 sqft Built 2015

$1,198,888

List Price

$4,290

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $536.66
  • 8 Days on Market
  • MLS # : BE40932432
  • Updated Date : 12/26/2020 at 21:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,234 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

The one you've been waiting for!! A Stunning & Impeccable Home located in Timber Community. Like-Model Luxurious Home Built in 2015 with more than $115K upgrades from Expansive Kitchen with Modern White Finish Cabinets and Premium Snow White Appliances, Microwave oven with Grill, Quartz CounterTops and Mosaic Backsplash, French Door Refrigerator to Premium Grade Hardwood Floors throughout. Fully Open Panoramic doors in the great room to the Private Deck. One Bedroom with a Full Bathroom on the 1st floor. 10' High Ceilings with Contemporary Light Fixture and Ceiling fan.Master suite features an oversized walk-in closet; Dual zone central heat and AC. Convenient Inside LaundryRoom. Energy Efficient Washer & Dryer and Tankless Water Heater. Fantastic location is minutes to the Dumbarton Bridge, 880, Facebook Shuttle Stop, AMC theater, shopping, and restaurants. MUST SEE!!

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
James L. Bunker Elementary School Primary Regular 543 22 NA
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

James L. Bunker Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 22
NA
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
 

$1,078,999$1,318,777$1,198,888

PURCHASE PRICE

$3,861$4,719$4,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,290
EXPENSES Loan Payment -$4,423
Property Tax -$1,226
Property Insurance -$81
HOA -$185
Property Management Fees -$210
CASH FLOW
-$1,835

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.

$1,198,888

PROJECTED PRICE

$4,290

PROJECTED RENT

0.36%

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-$30k-$20k-$10k$0.0$10k

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$323,455

INVESTMENT

$323,455

Down Payment
$299,722
Rehab Estimate
$5,750
Closing Costs
$17,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,423

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,722
Loan Amount $899,166
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$629

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
  • $4,613

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$4,200
$4,200
RENT COMPS ANALYSIS
  • 38224 Luma Ter Newark, CA 1
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5661 Coffeeberry Rd Newark, CA 2
    • 3 beds 4 baths ∙ 1,925 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,925 Sqft ∙ Built 2017
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.95
    •  
  • 6024 Allium Pl Newark, CA 3
    • 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2016
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.18
    •  
PROPERTY LISTING DETAILS
Andy Chan
Re/max Accord
BESbswy