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3847 Monterey Blvd San Leandro, CA 94578

3 Beds 1 Baths 1,076 sqft Built 1954

$708,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $657.99
  • 2 Days on Market
  • MLS # : BE40931227
  • Updated Date : 12/05/2020 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,076 sqft
  • Baths : 1 full
Listing Agent

Litvinchuk Real Estate

Listing Agent's Description

Excellent Location in Desirable Floresta Gardens Neighborhood. 3 Bedrooms 1 Bath 2 Car Attached Garage with Interior Access. Living Room/Dining Area Combo. Kitchen with Ample Cabinets. Dual Pane Windows (except back door) & Exterior Window Trims. Forced Air Heating System. Spacious Backyard for all those family gatherings & BBQs. Easy Access to Freeways, Shopping, Kaiser Permanente Hospital & Medical Center, Parks, Restaurants, Public Transportation, B.A.R.T., San Leandro Marina & Golf Course & More.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Floresta

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1029k

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

Neighborhood: Floresta

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13173193

* 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 Monroe Elementary School Primary Regular 410 16 4
John Muir Middle School Middle Regular 962 44 3
San Leandro High School High Regular 2,601 119 4

James Monroe Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 16
4
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 44
3
GreatSchools Rating

San Leandro High School

  • Education Level: High
  • # of students: 2,601
  • # of teachers: 119
4
GreatSchools Rating
 

$637,200$778,800$708,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,612
Property Tax -$784
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$1,078

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.

$708,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,370

INVESTMENT

$193,370

Down Payment
$177,000
Rehab Estimate
$5,750
Closing Costs
$10,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,000
Loan Amount $531,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$528

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
  • $2,281

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,000
$3,000
RENT COMPS ANALYSIS
  • 3847 Monterey Blvd San Leandro, CA 1
    • 3 beds 1 baths ∙ 1,076 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,076 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 15503 Montreal St San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
PROPERTY LISTING DETAILS
Paul Litvinchuk
Litvinchuk Real Estate
BESbswy