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38226 Parkmont Dr Fremont, CA 94536

3 Beds 3 Baths 1,484 sqft Built 1960

$1,179,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $794.47
  • 2 Days on Market
  • MLS # : ML81826099
  • Updated Date : 01/16/2021 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hero Real Estate

PRICE & RENT TRENDS

Neighborhood: Parkmont

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1104k

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

Neighborhood: Parkmont

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Parkmont Elementary School Primary Regular 919 33 9
Parkmont Elementary School Middle Regular 919 33 9
Washington High School High Regular 1,833 69 8

Parkmont Elementary School

  • Education Level: Primary
  • # of students: 919
  • # of teachers: 33
9
GreatSchools Rating

Parkmont Elementary School

  • Education Level: Middle
  • # of students: 919
  • # of teachers: 33
9
GreatSchools Rating

Washington High School

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

$1,061,100$1,296,900$1,179,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$4,095
Property Tax -$1,289
Property Insurance -$63
HOA -$55
Property Management Fees -$164
CASH FLOW
-$2,325

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.

$1,179,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$318,185

INVESTMENT

$318,185

Down Payment
$294,750
Rehab Estimate
$5,750
Closing Costs
$17,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,095

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $294,750
Loan Amount $884,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$8

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $3,376

    COMP ESTIMATED VALUE
  • $2.28

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2504$3,3405$3,500
$3,500
RENT COMPS ANALYSIS
  • 38226 Parkmont Dr Fremont, CA 4
    • 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $2.25
    •  
  • 4470 Richmond Ave Fremont, CA 1
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.26
    •  
  • 4040 Handel Common Fremont, CA 2
    • 3 beds 3 baths ∙ 1,357 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,357 Sqft ∙ Built 1979
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.36
    •  
  • 3732 Dunbar Pl Fremont, CA 3
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1977
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.24
    •  
  • 82 Burnham Pl Fremont, CA 5
    • 4 beds 3 baths ∙ 1,564 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,564 Sqft ∙ Built 1980
    property image
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.24
    •  
PROPERTY LISTING DETAILS
Donny Piwowarski
Hero Real Estate
BESbswy