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38667 Canyon Heights Dr Fremont, CA 94536

4 Beds 2 Baths 1,744 sqft Built 1963

$1,200,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $688.07
  • 8 Days on Market
  • MLS # : BE40931007
  • Updated Date : 12/07/2020 at 20:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

Charming custom built home with hill views! Original owner since 1963. Boasts of beautiful original hardwood floors, Trane central heat and air, dual pane windows throughout, plantation shutters, 3 year old roof, corian kitchen counter tops electric glass top stove, oak cabinets, dishwasher, convection microwave oven, plus self cleaning oven, bonus room can be office, playroom, bedroom. Backyard includes 2 organic garden beds. Kumquat, mandarin, lemon and Valencia orange trees. Sensor-ed LED outdoor lighting. ADT Security system. Sprinkler system in front and backyards. Close to shopping, Bart, Hwy 84 & Hwy 680, hiking trails. Walking distance to Elementary school.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Heights-Vallejo Mills-Niles Crest

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $252k1104k

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

Neighborhood: Canyon Heights-Vallejo Mills-Niles Crest

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400Rent in $16323417

* 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
Vallejo Mill Elementary School Primary Regular 552 22 6
Centerville Junior High School Middle Regular 967 37 7
Washington High School High Regular 1,833 69 8

Vallejo Mill Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 22
6
GreatSchools Rating

Centerville Junior High School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 37
7
GreatSchools Rating

Washington High School

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

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$4,427
Property Tax -$1,312
Property Insurance -$69
Property Management Fees -$171
CASH FLOW
-$2,499

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.

$1,200,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.29%

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 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-$40k-$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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$4

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
  • $3,697

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$4,200
$4,200
RENT COMPS ANALYSIS
  • 38667 Canyon Heights Dr Fremont, CA 1
    • 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 38611 Chapman Ct Fremont, CA 2
    • 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1977
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
  • 39610 Benavente Ave Fremont, CA 3
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1974
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.23
    •  
PROPERTY LISTING DETAILS
Antoinette Becerra
Legacy Real Estate & Assoc.
BESbswy