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5386 Sayre Ave Fremont, CA 94536

4 Beds 3 Baths 1,586 sqft Built 1960

INVESTimate

$998,888

List Price

$3,300

$3,050 - $3,550

Rent Est.

$1,131,740  ( +13.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $629.82
  • 8 Days on Market
  • MLS # : MR40917426
  • Updated Date : 08/23/2020 at 17:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,586 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Calling ALL Investors! Great income property located on quiet street in desired Glenmoor Gardens. NO SIGN**TENANT OCCUPIED **to be delivered w/responsible, clean tenant, shows pride in hm they keep! LEASE EXPIRES SEP 30, 2021. Fair market Rent is $3,500/month & will INCREASE to $3,605 OCT 01 ,2020. TENANT HAS REMAINED CURRENT ON RENT THROUGHOUT PANDEMIC=RELIABLE! County shows 3B but original floor plan=FOUR (4) BEDROOM. 2 Master Suites & 1 Hall Bath. 1586 SF hm w/LARGE bonus sunroom patio space approx. 600 SF (buyer to verify). Large back yard space & nicely manicured front yd. Roof=3 YR NEW, including sunroom; OWNED solar power, updated copper plumbing, electrical, sewer line. Tenant pays ALL utilities! Excellent investment w/lease that can continue or purchase & make it your primary home once lease expires. Highly desired Glenmoor Gardens Assoc offers 2 separate parks with tennis courts, pools, and picnic areas. Don't miss YOUR opportunity to own wonderful investment property!

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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
John G. Mattos Elementary School Primary Magnet 625 24 6
G. M. Walters Junior High School Middle Regular 725 30 6
John F. Kennedy High School High Regular 1,436 62 7

John G. Mattos Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 24
6
GreatSchools Rating

G. M. Walters Junior High School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 30
6
GreatSchools Rating

John F. Kennedy High School

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

$898,999$1,098,777$998,888

PURCHASE PRICE

$2,970$3,630$3,300

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-$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 $3,300
EXPENSES Loan Payment -$3,685
Property Tax -$1,092
Property Insurance -$65
HOA -$216
Property Management Fees -$162
CASH FLOW
-$1,920

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.

$998,888

PROJECTED PRICE

$3,300

PROJECTED RENT

0.33%

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$270,455

INVESTMENT

$270,455

Down Payment
$249,722
Rehab Estimate
$5,750
Closing Costs
$14,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,685

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,722
Loan Amount $749,166
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$55

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,300

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $3,481

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1503$3,2004$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 5386 Sayre Ave Fremont, 5
    • 4 beds 3 baths ∙ 1,586 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,586 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.08
    •  
  • 4470 Richmond Ave Fremont, 1
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.26
    •  
  • 38709 Farwell Drive Fremont, 2
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961
    LEASED 04/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.35
    •  
  • 38654 Lavender Pl Newark, 3
    • 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, 4
    • 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
    •  
PROPERTY LISTING DETAILS
Heather E. Lange
Intero Real Estate Services
BESbswy