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38375 Birch Street Newark, CA 94560

4 Beds 2 Baths 1,919 sqft Built 1975

$999,000

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $520.58
  • 4 Days on Market
  • MLS # : MR40929092
  • Updated Date : 11/13/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Introducing this beautifully updated, well-maintained, single level home in the Mowry West neighborhood of Newark. This spacious 1,919 sf home, situated on an 8,100 sf lot has 4 bedrooms, 2 full, updated bathrooms and a 3-car garage. The floorplan includes a separate Living Room and an open-concept Family Room w/gas fireplace and Dining Area next to the kitchen, all with recently refinished hardwood floors. The backyard is a perfect place to relax or entertain! There is a large deck, a sparkling pool, and additional room for gardening. Excellent location! Close to schools, shopping, I-880, I-680, Dumbarton Bridge, and more.

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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$3,686
Property Tax -$1,089
Property Insurance -$73
Property Management Fees -$192
CASH FLOW
-$1,120

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.

$999,000

PROJECTED PRICE

$3,920

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$9,569

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
  • $3,902

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,2504$3,650
$3,650
RENT COMPS ANALYSIS
  • 38375 Birch Street Newark, CA 1
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6169 Potrero Dr Newark, CA 2
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1990
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.83
    •  
  • 38891 Jonquil Dr Newark, CA 3
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.05
    •  
  • 5087 Cobb Ct Fremont, CA 4
    • 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1962
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.22
    •  
PROPERTY LISTING DETAILS
Tricia Soliz
Compass
BESbswy