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4624 Queen Anne Ct Union City, CA 94587

3 Beds 2 Baths 1,432 sqft Built 1970

$875,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $611.03
  • 3 Days on Market
  • MLS # : BE40930006
  • Updated Date : 11/21/2020 at 14:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,432 sqft
  • Baths : 2 full
Listing Agent

Fohl And Hernandez Re

Listing Agent's Description

Amazing opportunity for a buyer or family wanting to live in the desirable Alvarado neighborhood. Home located in quite cul-de-sac! Single story floor plan with kitchen, dining room, large living room with cozy wood burning fireplace, three spacious bedrooms and two full bathrooms. Freshly painted interior and new carpeting. East maintenance front and rear yard. This home is waiting for its new owners to make it their own! Prime location near highly rated schools, freeway access, San Mateo bridge, a commuters dream!! Close to shopping, restaurants, and all conveniences.

SEE MORE

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
Delaine Eastin Elementary School Primary Regular 874 32 9
Itliong-vera Cruz Middle School Middle Regular NA
James Logan High School High Regular 3,912 153 7

Delaine Eastin Elementary School

  • Education Level: Primary
  • # of students: 874
  • # of teachers: 32
9
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
 

$787,500$962,500$875,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$3,228
Property Tax -$1,056
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$1,675

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.

$875,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$57

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
  • $2,828

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,2004$3,2005$3,448
$3,448
RENT COMPS ANALYSIS
  • 4624 Queen Anne Ct Union City, CA 1
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4537 Ellen Way Union City, CA 2
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1971
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.88
    •  
  • 2494 Almaden Blvd Union City, CA 3
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 33208 Lake Superior Ct Fremont, CA 4
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1969
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 32212 Claremont St Union City, CA 5
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1968
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,448
    • $2.00
    •  
PROPERTY LISTING DETAILS
Cristina Bales
Fohl And Hernandez Re
BESbswy