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391 Haas Ave San Leandro, CA 94577

3 Beds 2 Baths 1,451 sqft Built 1927

$875,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1927
  • Price/Sqft : $603.03
  • 5 Days on Market
  • MLS # : BE40928115
  • Updated Date : 11/11/2020 at 19:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,451 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Charming San Leandro home is located on a quiet street. Home has an updated Chef's Kitchen with Dekton countertops with mosaic tile backsplash, pot filler above the stove, stainless steel appliances, wet bar with wine fridge, remodeled bathrooms, hardwood floors, dual pane windows, all new plumbing, electrical, furnace, duct work, tankless water heater, ceiling fans, closet organizer in all the bedrooms, Ecobee thermostat with sensors in all the rooms, blue tooth front door lock and the list can go on and on. Recently constructed master bedroom. Huge backyard is perfect for family get togethers and entertaining. Side yard access for RV/boat parking. Walking distance to downtown, the elementary school and the middle school. Close access to shopping, restaurants, BART, 880, and 580 freeways. Must See!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1031k

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

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Washington Elementary School Primary Regular 388 14 4
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Washington Elementary School

  • Education Level: Primary
  • # of students: 388
  • # of teachers: 14
4
GreatSchools Rating

Bancroft Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 40
2
GreatSchools Rating

San Leandro High School

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

$787,500$962,500$875,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,228
Property Tax -$998
Property Insurance -$62
Property Management Fees -$154
CASH FLOW
-$1,303

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.

$875,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$632

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • $3,272

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$3,140
1$3,1402$3,3503$3,500
$3,500
RENT COMPS ANALYSIS
  • 391 Haas Ave San Leandro, CA 1
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1927
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $2.16
    •  
  • 9233 Thermal St Oakland, CA 2
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1925
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.88
    •  
  • 1975 Trombas Ave San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.63
    •  
PROPERTY LISTING DETAILS
Sanjiv Nayyar
Redfin
BESbswy