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38803 Helen Way Fremont, CA 94536

4 Beds 2 Baths 1,624 sqft Built 1962

INVESTimate

$1,199,950

List Price

$3,540

$3,290 - $3,790

Rent Est.

$1,359,543  ( +13.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $738.89
  • 6 Days on Market
  • MLS # : BE40917780
  • Updated Date : 08/24/2020 at 11:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Glen Manor Tasteful, Open Concept, Move-In Ready, 4 bedroom Plus Office. Lovely from front to back! Large, open, granite and stainless steel kitchen featuring light maple cabinetry. Beautiful wood flooring throughout. Large walk-in closet in master. A bright, sunlit home (with electric-powered retractable awning for shade) featuring solar-powered attic exhaust fans and central air conditioning. Separate office ideal for working from home. Lovely brick and aggregate patio. Many benefits including a new roof (as of August 14, 2020), possible rear access, dual-pane windows and tankless water heater. A spacious, well-cared for home in a very nice neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glenmoor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1129k

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

Neighborhood: Glenmoor

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
Tom Maloney Elementary School Primary Regular 596 23 7
Centerville Junior High School Middle Regular 967 37 7
Washington High School High Regular 1,833 69 8

Tom Maloney Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 23
7
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
 

$1,079,955$1,319,945$1,199,950

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

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$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$4,427
Property Tax -$1,312
Property Insurance -$66
Property Management Fees -$173
CASH FLOW
-$2,439

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.

$1,199,950

PROJECTED PRICE

$3,540

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.30%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,737

INVESTMENT

$323,737

Down Payment
$299,988
Rehab Estimate
$5,750
Closing Costs
$17,999

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 $299,988
Loan Amount $899,963
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$27

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $2.18

    LIST RENT PER SQFT
  • $3,666

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1503$3,3004$3,5405$4,000
$4,000
RENT COMPS ANALYSIS
  • 38803 Helen Way Fremont, 4
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $2.18
    •  
  • 4470 Richmond Ave Fremont, 1
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.26
    •  
  • 38709 Farwell Drive Fremont, 2
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961
    LEASED 04/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.35
    •  
  • 5520 Tilden Pl Fremont, 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.38
    •  
  • 37637 Glenmoor Dr Fremont, 5
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1952 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1952
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.04
    •  
PROPERTY LISTING DETAILS
Everett Eslinger
Coldwell Banker Realty
BESbswy