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492 Washburn Dr Fremont, CA 94536

3 Beds 2 Baths 1,144 sqft Built 1955

$950,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $830.42
  • 2 Days on Market
  • MLS # : BE40929446
  • Updated Date : 12/12/2020 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

Realty Experts

Listing Agent's Description

This original Ranch-Style home located in Beautiful Niles. This home is located on a huge corner lot with so many possibilities. 3 Bedrooms, 2 baths, plus fireplace, & 2 car garage. In a Beautiful Country Setting! Welcome Home!

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PRICE & RENT TRENDS

Neighborhood: Niles

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1113k

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

Neighborhood: Niles

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
Niles Elementary School Primary Regular 606 23 8
Niles Elementary School Middle Regular 606 23 8
Washington High School High Regular 1,833 69 8

Niles Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 23
8
GreatSchools Rating

Niles Elementary School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 23
8
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,833
  • # of teachers: 69
8
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$3,505
Property Tax -$1,016
Property Insurance -$55
Property Management Fees -$150
CASH FLOW
-$1,665

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.

$950,000

PROJECTED PRICE

$3,060

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 5.09%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$102

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
  • $3,146

    COMP ESTIMATED VALUE
  • $2.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,900
$2,900
RENT COMPS ANALYSIS
  • 492 Washburn Dr Fremont, CA 1
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 270 Barton Dr Fremont, CA 2
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1952
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.75
    •  
PROPERTY LISTING DETAILS
Fayth Guzman
Realty Experts
BESbswy