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4422 Alice Way Union City, CA 94587

3 Beds 2 Baths 1,274 sqft Built 1974

INVESTimate

$850,000

List Price

$2,820

$2,570 - $3,070

Rent Est.

$231,000

Investment Est.

$945,965  ( +11.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $667.19
  • 1 Days on Market
  • MLS # : ML81807778
  • Updated Date : 08/26/2020 at 01:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

Realty World-svi Group

Listing Agent's Description

Bright and spacious single-family in a very quiet neighborhood, 3 bedrooms, and 2 bathrooms, 1274sf living space, over 6000 SF of lot size. Newly remodeled and one-year-old roof, all concrete backyard and possible park your RV.

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PRICE & RENT TRENDS

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1028k

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

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323395

* 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
Pioneer Elementary School Primary Regular 839 32 5
Itliong-vera Cruz Middle School Middle Regular NA
James Logan High School High Regular 3,912 153 7

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 32
5
GreatSchools Rating

Itliong-vera Cruz Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

James Logan High School

  • Education Level: High
  • # of students: 3,912
  • # of teachers: 153
7
GreatSchools Rating
 

FINANCIALS

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$765,000$935,000$850,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING
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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$3,136
Property Tax -$804
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$1,327

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.

$850,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.29%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment		 $212,500
Rehab Estimate		 $5,750
Closing Costs		 $12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$414

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

  • $2,879

    COMP ESTIMATED VALUE

  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,7504$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 4422 Alice Way Union City, 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 31132 Watkins St Union City, 2
    • 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1978
    property image
    LEASED 03/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.41
    •  
  • 4537 Ellen Way Union City, 3
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1971
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.88
    •  
  • 33186 Lake Pyramid Street Fremont, 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1969
    property image
    LEASED 03/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.36
    •  
  • 4448 Norocco Cir Fremont, 5
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1982
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.39
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Andrew F. Bi
Realty World-svi Group

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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