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47607 Gridley Ct Fremont, CA 94539

3 Beds 2 Baths 1,478 sqft Built 1962

$1,198,800

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $811.10
  • 3 Days on Market
  • MLS # : ML81825929
  • Updated Date : 01/15/2021 at 15:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,478 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker The Professional Group

Listing Agent's Description

Well Maintained Warm Springs Home! Great corner lot and view of the hills from living room! Recently remodled and upgraded. New bathrooms, new laminate floors, formal living, family and dining rooms. (previous owner convert 4th bedroom to dining room). Updated kitchen, new exterior and interior painting, new lightings, new landscaping, too much to list. Come and see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Warm Springs

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1323k

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

Neighborhood: Warm Springs

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Warm Springs Elementary School Primary Regular 871 30 9
Warm Springs Elementary School Middle Regular 871 30 9
Irvington High School High Magnet 2,248 91 9

Warm Springs Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 30
9
GreatSchools Rating

Warm Springs Elementary School

  • Education Level: Middle
  • # of students: 871
  • # of teachers: 30
9
GreatSchools Rating

Irvington High School

  • Education Level: High
  • # of students: 2,248
  • # of teachers: 91
9
GreatSchools Rating
 

$1,078,920$1,318,680$1,198,800

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$4,164
Property Tax -$1,297
Property Insurance -$63
Property Management Fees -$171
CASH FLOW
-$2,214

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.

$1,198,800

PROJECTED PRICE

$3,480

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.0%
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-$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$323,432

INVESTMENT

$323,432

Down Payment
$299,700
Rehab Estimate
$5,750
Closing Costs
$17,982

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,700
Loan Amount $899,100
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$54

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
  • $3,468

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,800
$3,800
RENT COMPS ANALYSIS
  • 47607 Gridley Ct Fremont, CA 1
    • 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1830 Vegas Ave Milpitas, CA 2
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1954
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.22
    •  
  • 46774 Fernald Fremont, CA 3
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1981
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.36
    •  
  • 632 Saturn Ave Fremont, CA 4
    • 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1963
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.46
    •  
PROPERTY LISTING DETAILS
Vivi Wan
Coldwell Banker The Professional Group
BESbswy