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38880 Glenview Dr Fremont, CA 94536

3 Beds 2 Baths 1,344 sqft Built 1960

INVESTimate

$1,099,000

List Price

$3,210

$2,960 - $3,460

Rent Est.

$1,245,167  ( +13.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $817.71
  • 8 Days on Market
  • MLS # : ML81806831
  • Updated Date : 08/24/2020 at 09:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Don't miss this Amazing Opportunity to own this 3Bed, 2Bath home in a desirable neighborhood of Fremont. Sunny and bright home with great upgrades. Beautiful low maintenance yard with several fruit trees. Close to Park, Fremont Bart & Easy commute to silicon valley and major companies nearby like Tesla, Facebook etc. Easy access to Freeways 880 and 84. WONT LAST LONG...

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
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$4.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$4,055
Property Tax -$1,201
Property Insurance -$60
Property Management Fees -$157
CASH FLOW
-$2,263

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.

$1,099,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.29%

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$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$11

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $2.39

    LIST RENT PER SQFT
  • $3,216

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1503$3,2104$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 38880 Glenview Dr Fremont, 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $2.39
    •  
  • 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, 4
    • 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
    •  
  • 5271 Selma Ave Fremont, 5
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.58
    •  
PROPERTY LISTING DETAILS
Laxmi Penupothula
Redfin
BESbswy