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PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $938.67
- 5 Days on Market
- MLS # : BE40932123
- Updated Date : 12/18/2020 at 13:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,011 sqft
- Baths : 1 full
Listing Agent
Mission Property Management
Listing Agent's Description
Charming, ranch-style home on a parcel big enough to be a ranch! This older, one-story home is move-in ready and in a superb location. The land area is an impressive 11,600 sq. ft.! With no rear neighbors and a flat, buildable lot, this is the perfect destination to build the home of your dreams. Several large Heritage Oak trees enhance this serene location. With such a large yard, there is plenty of room for either a workshop, RV garage, in-law unit, swimming pool, or any combination of these. The home features three bedrooms and one bathroom, all with new paint and new carpet in the bedrooms. There is a cozy eat-in kitchen that could seamlessly include banquette seating and a large living room with a fireplace. The home has a one-car attached garage and a detached carport. There is also a covered patio. Nearby owners love this location so much that it is very common in the neighborhood to renovate and expand homes to suit the new owners' needs. The possibilities are endless.
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PRICE & RENT TRENDS
Neighborhood: Canyon Heights-Vallejo Mills-Niles Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Heights-Vallejo Mills-Niles Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,850 |
| EXPENSES | Loan Payment | -$3,501 |
| Property Tax | -$1,037 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$1,889
|
||
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.
$949,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$257,235
LOAN DETAILS
$3,501
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,250 |
| Loan Amount | $711,750 |
0.08
YEARS SAVED
$53
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,850
LIST RENT -
$2.82
LIST RENT PER SQFT
-
$2,780
COMP ESTIMATED VALUE -
$2.75
COMP AVG. RENT PER SQFT
Comps Range
-
38540 Goodrich Way Fremont, CA 1
- 3 beds 1 baths ∙ 1,011 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,011 Sqft ∙ Built 1950
![property image]()
- Rent
- Rent Per SQFT
- $2,850
- $2.82
-
270 Barton Dr Fremont, CA 2
- 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1952
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,900
- $2.75
PROPERTY LISTING DETAILS
Mission Property Management
