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4943 Mildred Dr Fremont, CA 94536

4 Beds 2 Baths 1,735 sqft Built 1965

INVESTimate

$1,250,000

List Price

$3,450

$3,200 - $3,700

Rent Est.

$1,416,250  ( +13.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $720.46
  • 7 Days on Market
  • MLS # : BE40917536
  • Updated Date : 08/20/2020 at 15:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Vintage Real Estate

Listing Agent's Description

The owners have lovingly maintained this Glenmoor Gardens beauty for more than 35 years. Lots of upgrades & remodeling done with permits, including remodeled kitchen & baths, copper plumbing, new windows, roof, stucco exterior, paver driveway, low maintenance yards, plantation shutters, recessed lighting, tankless water heater w/recirculating pump, outdoor storage shed, central heat and air & a backyard patio cover. The rear yard is very private w/no immediate rear neighbors. There are a few more surprises. Tax records say it's a 3 bedroom 2 bath 1935 sq ft but its a 4 bedroom 2 bath 1735 sq ft. per an appraisal. It's on Mildred Dr but it sits in a court. Close to freeways, BART, ACE, shopping and international airports. This is a turnkey home that you'll want to keep for decades too.

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PRICE & RENT TRENDS

Neighborhood: Glenmoor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1129k

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

Neighborhood: Glenmoor

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
Tom Maloney Elementary School Primary Regular 596 23 7
Centerville Junior High School Middle Regular 967 37 7
Washington High School High Regular 1,833 69 8

Tom Maloney Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 23
7
GreatSchools Rating

Centerville Junior High School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 37
7
GreatSchools Rating

Washington High School

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

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$4,612
Property Tax -$1,366
Property Insurance -$69
HOA -$216
Property Management Fees -$169
CASH FLOW
-$2,982

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.

$1,250,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.30%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$103

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
  • $3,726

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,2504$3,3005$4,000
$4,000
RENT COMPS ANALYSIS
  • 4943 Mildred Dr Fremont, 1
    • 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,735 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 38654 Lavender Pl Newark, 2
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.12
    •  
  • 38891 Jonquil Dr Newark, 3
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.05
    •  
  • 5520 Tilden Pl Fremont, 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
    •  
  • 37637 Glenmoor Dr Fremont, 5
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1952 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1952
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.04
    •  
PROPERTY LISTING DETAILS
Tracy Debus
Vintage Real Estate
BESbswy