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INVESTimate
$1,158,000
List Price
$312,620
REQUEST INFO
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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Union City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
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
INVESTMENT
$312,620
LOAN DETAILS
$4,273
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $289,500 |
Loan Amount | $868,500 |
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
PROPERTY LISTING DETAILS
Lea Melendres & Associates