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4800 Rocklin Drive Union City, CA 94587

4 Beds 3 Baths 2,293 sqft Built 1980

INVESTimate

$1,158,000

List Price

$3,650

$3,400 - $3,900

Rent Est.

$1,288,738  ( +11.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $505.02
  • 4 Days on Market
  • MLS # : BE40917987
  • Updated Date : 08/24/2020 at 15:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lea Melendres & Associates

Listing Agent's Description

Location! Location! Location! Its a Ponderosa Home! Beautiful, spacious and very clean home! Located on a corner lot, with a very nice floor plan, and abundance of natural light. Features 4 beds, 2-1/2 baths, family room with fireplace, bonus sunroom (converted and used as a guest room). Provides a very nice and grand foyer/entry, living and dining room with high soaring ceilings. Spacious updated kitchen with beautiful granite counters, garden window, breakfast bar that overlooks the sunken family room. Large en-suite Master bedroom with his and hers closets and a secret walk-in closet. Very nice plush carpet thru out, granite entry, beautiful kitchen floors and baths. Fruit Trees Galore: apple, lemon, persimmon, apricot, plum, tangerine, calamondin and peach. Walk to elementary school, close to Frwy 880, 84/Dumbarton, 92/San Mateo Bridge, BART and major employers of the Bay Area. 2293 Sq Ft home on a 7123 Sq Ft Lot.

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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
 

$1,042,200$1,273,800$1,158,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

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-$35k-$30k-$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$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$4,273
Property Tax -$1,356
Property Insurance -$82
Property Management Fees -$179
CASH FLOW
-$2,240

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.

$1,158,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$312,620

INVESTMENT

$312,620

Down Payment
$289,500
Rehab Estimate
$5,750
Closing Costs
$17,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $289,500
Loan Amount $868,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$65

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
  • $3,868

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,6004$3,700
$3,700
RENT COMPS ANALYSIS
  • 4800 Rocklin Drive Union City, 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5340 Shamrock Cmn Fremont, 2
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1990
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.67
    •  
  • 32545 Lake Tana St Fremont, 3
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1980
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.49
    •  
  • 34359 Agate Ter Fremont, 4
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1990
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.90
    •  
PROPERTY LISTING DETAILS
Lea Melendres
Lea Melendres & Associates
BESbswy