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39631 Iolani Ct Fremont, CA 94538

3 Beds 2 Baths 1,200 sqft Built 1961

INVESTimate

$999,888

List Price

$2,940

$2,690 - $3,190

Rent Est.

$1,122,574  ( +12.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $833.24
  • 7 Days on Market
  • MLS # : BE40917606
  • Updated Date : 08/20/2020 at 16:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Tri-valley Re Group, Inc

Listing Agent's Description

Perfect Home to Make Your Own. Located in a quiet family-friendly cul de sac, this home has been well cared for throughout the years. Beautiful fireplace in formal living room, spacious dining room, ceiling fans, newer plumbing, newer electric, newer roof. Comes with an additional bonus room. Close to freeways, shopping, restaurants, and great schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: 28 Palms

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $238k1104k

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

Neighborhood: 28 Palms

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $15513417

* 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
Joseph Azevada Elementary School Primary Regular 589 23 8
Joseph Azevada Elementary School Middle Regular 589 23 8
John F. Kennedy High School High Regular 1,436 62 7

Joseph Azevada Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 23
8
GreatSchools Rating

Joseph Azevada Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 23
8
GreatSchools Rating

John F. Kennedy High School

  • Education Level: High
  • # of students: 1,436
  • # of teachers: 62
7
GreatSchools Rating
 

$899,899$1,099,877$999,888

PURCHASE PRICE

$2,646$3,234$2,940

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$3,689
Property Tax -$1,078
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$2,032

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.

$999,888

PROJECTED PRICE

$2,940

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.27%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,720

INVESTMENT

$270,720

Down Payment
$249,972
Rehab Estimate
$5,750
Closing Costs
$14,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,689

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,972
Loan Amount $749,916
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$33

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $2.45

    LIST RENT PER SQFT
  • $3,021

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,940
1$2,9402$3,0003$3,3004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 39631 Iolani Ct Fremont, 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $2.45
    •  
  • 40133 Laiolo Rd Fremont, 2
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1959
    property image
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.61
    •  
  • 5520 Tilden Pl Fremont, 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.38
    •  
  • 5271 Selma Ave Fremont, 4
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.58
    •  
  • 5120 Curtis St Fremont, 5
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1961
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.50
    •  
PROPERTY LISTING DETAILS
Dashna Mahmood
Tri-valley Re Group, Inc
BESbswy