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4757 Wheeler Dr Fremont, CA 94538

4 Beds 2 Baths 1,302 sqft Built 1960

$899,999

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $691.24
  • 4 Days on Market
  • MLS # : ML81822176
  • Updated Date : 12/05/2020 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,302 sqft
  • Baths : 2 full
Listing Agent

Alliance Realty

Listing Agent's Description

Beautiful home in the Sundale neighborhood! Spacious 4 bedroom 2 bathroom home is perfect for the first time buyer or growing family! Fresh new interior and exterior paint, granite counters, stainless steel appliances, laminate and tile flooring, recessed lighting, dual pane windows, new water heater, central A/C, master bedroom suite with walk-in closet, inside laundry and 2 car garage. Make this home your own with your personal finishing touches. Nice size backyard for entertain or just having some space to get outside. Azeveda Elementary! Great central location near freeways and shops.Must see to appreciate!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundale

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $245k1104k

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

Neighborhood: Sundale

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $15593417

* 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
Joseph Azevada Elementary School Primary Regular 589 23 8
Joseph Azevada Elementary School Middle Regular 589 23 8
John F. Kennedy High School High Regular 1,436 62 7

Joseph Azevada Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 23
8
GreatSchools Rating

Joseph Azevada Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 23
8
GreatSchools Rating

John F. Kennedy High School

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

$809,999$989,999$899,999

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,321
Property Tax -$970
Property Insurance -$59
Property Management Fees -$159
CASH FLOW
-$1,258

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.

$899,999

PROJECTED PRICE

$3,250

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $2.5

    LIST RENT PER SQFT
  • $3,284

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1753$3,2504$3,3005$3,800
$3,800
RENT COMPS ANALYSIS
  • 4757 Wheeler Dr Fremont, CA 3
    • 4 beds 2 baths ∙ 1,302 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,302 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.50
    •  
  • 4325 Millard Ave Fremont, CA 1
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1955
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.49
    •  
  • 40251 Laiolo Rd Fremont, CA 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1959
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,175
    • $2.54
    •  
  • 5520 Tilden Pl Fremont, CA 4
    • 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
    •  
  • 4425 Ladner St Fremont, CA 5
    • 4 beds 2 baths ∙ 1,419 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,419 Sqft ∙ Built 1955
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.68
    •  
PROPERTY LISTING DETAILS
James Aguilera
Alliance Realty
BESbswy