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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $575.52
- 3 Days on Market
- MLS # : BE40933598
- Updated Date : 01/09/2021 at 09:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,720 sqft
- Baths : 3 full
Listing Agent
Everhome
Listing Agent's Description
3D Matterport: https://my.matterport.com/show/?m=Ea6A1vaLgYZ&brand=0 * What a GEM! Beautifully updated Nantucket Cove single family home in a desirable location * Excellent floor plan includes 1 bedroom + full bathroom on the first level * Soaring ceilings and oversized windows allow for an abundance of natural light * This home features fresh interior paint, newer laminate floors, a gourmet kitchen (with gas cooking!) and upscale bathroom remodels * Central heat & A/C, LED lighting, dual pane windows & copper pipes are some of the notable infrastructure upgradeds * This unit includes 1 assigned parking space + a 1-car enclosed garage * HOA includes front yard landscape maintenance, a playground & community pool * Walkable to several errands & restaurants * Ideal commute location - just minutes to 880 FWY & Dumbarton Bridge * Must see!!
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PRICE & RENT TRENDS
Neighborhood: Newark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,680 |
| EXPENSES | Loan Payment | -$3,438 |
| Property Tax | -$1,073 | |
| Property Insurance | -$69 | |
| HOA | -$195 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
-$1,275
|
||
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.
$989,900
PROJECTED PRICE
$3,680
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$268,074
LOAN DETAILS
$3,438
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $247,475 |
| Loan Amount | $742,425 |
0.5
YEARS SAVED
$1,566
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,655
COMP ESTIMATED VALUE -
$2.13
COMP AVG. RENT PER SQFT
Comps Range
-
39822 Potrero Dr Newark, CA 1
- 4 beds 3 baths ∙ 1,720 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,720 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6137 Joaquin Murieta Ave B Newark, CA 2
- 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 1981
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $3,000
- $2.07
-
6255 Joaquin Murieta Ave D Newark, CA 3
- 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1981
![property image]()
LEASED 12/26/20- Rent
- Rent Per SQFT
- $3,000
- $2.06
-
38654 Lavender Pl Newark, CA 4
- 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $3,200
- $2.12
-
5467 Andromeda Cir Fremont, CA 5
- 4 beds 3 baths ∙ 1,763 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,763 Sqft ∙ Built 1994
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $3,975
- $2.25
PROPERTY LISTING DETAILS
Everhome
