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5051 Silver Reef Drive Fremont, CA 94538

4 Beds 2 Baths 1,333 sqft Built 1961

$1,150,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $862.72
  • 3 Days on Market
  • MLS # : BE40933889
  • Updated Date : 01/15/2021 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,333 sqft
  • Baths : 2 full
Listing Agent

Waynac Realty

Listing Agent's Description

Quiet location>New paint throughout>New window blinds>>Dual pane windows>Spacious floorplan>Bright & airy>Hardwood flooring in whole house>New stall shower panel, fixtures and light fixture in master bath will be replaced & done before 1-24>New front & back lawn will be done before 1-18>

SEE MORE

PRICE & RENT TRENDS

Neighborhood: 28 Palms

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $238k1104k

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

Neighborhood: 28 Palms

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $15513417

* 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
Joseph Azevada Elementary School Primary Regular 589 23 8
Joseph Azevada Elementary School Middle Regular 589 23 8
John F. Kennedy High School High Regular 1,436 62 7

Joseph Azevada Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 23
8
GreatSchools Rating

Joseph Azevada Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 23
8
GreatSchools Rating

John F. Kennedy High School

  • Education Level: High
  • # of students: 1,436
  • # of teachers: 62
7
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$3,994
Property Tax -$1,239
Property Insurance -$59
Property Management Fees -$160
CASH FLOW
-$2,183

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.

$1,150,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$4.0M$4.5M

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$35

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
  • $3,356

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,1754$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 5051 Silver Reef Drive Fremont, CA 1
    • 4 beds 2 baths ∙ 1,333 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,333 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4325 Millard Ave Fremont, CA 2
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1955
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.49
    •  
  • 40251 Laiolo Rd Fremont, CA 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1959
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,175
    • $2.54
    •  
  • 4934 Cody Ct Fremont, CA 4
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1964
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.66
    •  
  • 5520 Tilden Pl Fremont, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Amy Cheok
Waynac Realty
BESbswy