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40219 Paseo Padre Pkwy Fremont, CA 94538

5 Beds 3 Baths 1,674 sqft Built 1960

$1,225,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $731.78
  • 5 Days on Market
  • MLS # : BE40928664
  • Updated Date : 11/13/2020 at 10:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,674 sqft
  • Baths : 3 full
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

Exquisite gleaming hardwood floors with beautiful inlay, value over $30,000, is the first upgrade to greet you here at this amazing single story delight. You have Five Bedrooms and Three Full Baths giving plenty of options for you. Perfect for the home office(or 2), a study room or a workout space. Stunning kitchen granite counter tops, stainless steel appliances, extra cabinet space, dual pane windows, crown molding, ceiling fans, 6 panel doors. Spend cozy winter nights by the tile fireplace or cool down if you need more than a summer breeze with the air conditioner. Both furnace + AC are 4 yrs young. Sliding glass door leads to stunning koi pond, storage shed, stamped concrete driveway and entrance. Enjoy the fresh air and space being directly across from the majestic Lake Elizabeth Park. Watch the wildlife as you exercise or just take a needed stroll in the 450+ acre park. Walk to Senior Center, Alameda County Library, Kaiser, Washington Hospital, Raley's, Whole Foods, BART.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central-Downtown Fremont

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $216k1104k

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

Neighborhood: Central-Downtown Fremont

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14563863

* 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
Durham Elementary School Primary Regular 513 19 7
Durham Elementary School Middle Regular 513 19 7
John F. Kennedy High School High Regular 1,436 62 7

Durham Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 19
7
GreatSchools Rating

Durham Elementary School

  • Education Level: Middle
  • # of students: 513
  • # of teachers: 19
7
GreatSchools Rating

John F. Kennedy High School

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

$1,102,500$1,347,500$1,225,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$4,520
Property Tax -$1,339
Property Insurance -$68
Property Management Fees -$161
CASH FLOW
-$2,797

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.

$1,225,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$330,375

INVESTMENT

$330,375

Down Payment
$306,250
Rehab Estimate
$5,750
Closing Costs
$18,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,520

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $306,250
Loan Amount $918,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$60

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,811

    COMP ESTIMATED VALUE
  • $2.28

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,3003$3,6504$3,900
$3,900
RENT COMPS ANALYSIS
  • 40219 Paseo Padre Pkwy Fremont, CA 1
    • 5 beds 3 baths ∙ 1,674 Sqft ∙ Built 1960 5 beds 3 baths ∙ 1,674 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.97
    •  
  • 5520 Tilden Pl Fremont, CA 2
    • 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
    •  
  • 5087 Cobb Ct Fremont, CA 3
    • 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1962
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.22
    •  
  • 42231 Palm Ave Fremont, CA 4
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1962
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.23
    •  
PROPERTY LISTING DETAILS
Margo Hood
Legacy Real Estate & Assoc.
BESbswy