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39822 Potrero Dr Newark, CA 94560

4 Beds 3 Baths 1,720 sqft Built 1996

$989,900

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newark

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $249k1015k

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

Neighborhood: Newark

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15853195

* 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
James L. Bunker Elementary School Primary Regular 543 22 NA
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

James L. Bunker Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 22
NA
GreatSchools Rating

Newark Junior High School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 41
4
GreatSchools Rating

Newark Memorial High School

  • Education Level: High
  • # of students: 1,850
  • # of teachers: 73
6
GreatSchools Rating
 

$890,910$1,088,890$989,900

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,074

INVESTMENT

$268,074

Down Payment
$247,475
Rehab Estimate
$5,750
Closing Costs
$14,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,438

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,475
Loan Amount $742,425
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,655

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,2005$3,975
$3,975
RENT COMPS ANALYSIS
  • 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
Nicole Causey
Everhome
BESbswy