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43025 Everglades Park Dr Fremont, CA 94538

4 Beds 2 Baths 1,736 sqft Built 1962

$1,069,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $615.78
  • 4 Days on Market
  • MLS # : BE40927397
  • Updated Date : 11/06/2020 at 11:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

Well maintained single story house in an excellent location. Recently remodeled Kitchen. Open floor plan. Abundant natural lights. Beautifully landscaped front and backyards. Gardener's Paradise with many raised planter boxes. Easy access to Fwy 880 and Auto Mall Parkway shopping center. Walking distance to Steven Millard Elementary school.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blacow

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $252k1104k

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

Neighborhood: Blacow

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400Rent in $16123417

* 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
Steven Millard Elementary School Primary Regular 600 24 8
Steven Millard Elementary School Middle Regular 600 24 8
John F. Kennedy High School High Regular 1,436 62 7

Steven Millard Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 24
8
GreatSchools Rating

Steven Millard Elementary School

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 24
8
GreatSchools Rating

John F. Kennedy High School

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

$962,100$1,175,900$1,069,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$3,944
Property Tax -$1,138
Property Insurance -$69
Property Management Fees -$174
CASH FLOW
-$1,775

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.

$1,069,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
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-$30k-$25k-$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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$289,035

INVESTMENT

$289,035

Down Payment
$267,250
Rehab Estimate
$5,750
Closing Costs
$16,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,944

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $267,250
Loan Amount $801,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,550

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $3,741

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,3504$3,5505$3,650
$3,650
RENT COMPS ANALYSIS
  • 43025 Everglades Park Dr Fremont, CA 4
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.04
    •  
  • 6137 Joaquin Murieta Ave B Newark, CA 1
    • 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 1981
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
  • 4874 Seneca Park Ave Fremont, CA 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1961
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.21
    •  
  • 42725 Everglades Park Dr Fremont, CA 3
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1962
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.12
    •  
  • 5087 Cobb Ct Fremont, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Janet Kyong Lee
Re/max Accord
BESbswy