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544 Beverly Ave San Leandro, CA 94577

3 Beds 2 Baths 2,140 sqft Built 1946

$895,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $418.22
  • 3 Days on Market
  • MLS # : EB40928332
  • Updated Date : 11/07/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,140 sqft
  • Baths : 2 full
Listing Agent

Northbrae Properties

Listing Agent's Description

In the prestigious Broadmoor District, sits this beautiful 3+Bd/2 Ba home set perfectly on a 10,000 sq ft lot of established grounds. Effortlessly flow from the charming living room with elegant fireplace to the formal dining room into the spacious eat-in kitchen. Tasteful updates with modern touches are featured throughout, including a newer roof with solar panels, updated electrical, and plumbing. Upstairs, find two perfectly-sized bedrooms flooded with natural light, the beautiful bathroom and additionally a large linen closet. Downstairs, off the eat-in kitchen, you will find the spacious 3rd bedroom, the 2nd bathroom and the over-sized laundry room. Out the enormous sunroom through the sliding glass doors, you are transitioned into the expansive space backyard. Explore the gorgeous garden with ample grassy grounds & peek-around the large detached garage, as big as a small house, to find even more storage, play space complete with swings. All conveniently located close to it all!

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PRICE & RENT TRENDS

Neighborhood: Broadmoor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $227k1029k

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

Neighborhood: Broadmoor

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14563193

* 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
Washington Elementary School Primary Regular 388 14 4
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Washington Elementary School

  • Education Level: Primary
  • # of students: 388
  • # of teachers: 14
4
GreatSchools Rating

Bancroft Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 40
2
GreatSchools Rating

San Leandro High School

  • Education Level: High
  • # of students: 2,601
  • # of teachers: 119
4
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,302
Property Tax -$1,021
Property Insurance -$79
Property Management Fees -$156
CASH FLOW
-$1,368

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.

$895,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,178

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,190
1$3,1902$3,2003$3,600
$3,600
RENT COMPS ANALYSIS
  • 544 Beverly Ave San Leandro, CA 1
    • 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 1946 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.49
    •  
  • Benedict Dr San Leandro, CA 2
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1939 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1939
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.45
    •  
  • 622 Catron Dr Oakland, CA 3
    • 4 beds 2 baths ∙ 2,376 Sqft ∙ Built 1944 4 beds 2 baths ∙ 2,376 Sqft ∙ Built 1944
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
PROPERTY LISTING DETAILS
Christian Thede
Northbrae Properties
BESbswy