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5535 Chapman Dr Newark, CA 94560

3 Beds 2 Baths 1,628 sqft Built 1963

$1,199,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $736.49
  • 4 Days on Market
  • MLS # : BE40929884
  • Updated Date : 11/20/2020 at 17:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

Welcome to Rosemont! This beautiful single story, ranch style home, has been remodeled & updated throughout! From the moment you walk through the front door, you are welcomed with gorgeous laminate flooring throughout the home, new six inch baseboards & total elegance, perfect for entertaining! This home has a warm & spacious formal living room with a new gas fireplace, framed with a beautiful tile inlay & custom mantle. The kitchen has all new cabinetry & new stainless steel appliances. In addition, this beautiful kitchen comes complete with granite countertops & a tile backsplash. Although the stove is currently electric, the sellers have plumbed gas to the stove area so that it can easily be changed to a gas cooktop! Spacious formal dining room with gorgeous French Doors, two remodeled bathrooms & so much more...Air Conditioning, Presidential Lifetime Roof, tankless water heater, two car finished garage, skylight, Pavers system hardscape & dual pane windows! Must see today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newark

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $249k1015k

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

Neighborhood: Newark

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15853195

* 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 F. Kennedy Elementary School Primary Regular 369 15 6
John F. Kennedy Elementary School Middle Regular 369 15 6
Newark Memorial High School High Magnet 1,850 73 6

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 369
  • # of teachers: 15
6
GreatSchools Rating

John F. Kennedy Elementary School

  • Education Level: Middle
  • # of students: 369
  • # of teachers: 15
6
GreatSchools Rating

Newark Memorial High School

  • Education Level: High
  • # of students: 1,850
  • # of teachers: 73
6
GreatSchools Rating
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$4,424
Property Tax -$1,285
Property Insurance -$66
Property Management Fees -$152
CASH FLOW
-$2,817

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.

$1,199,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.5%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$76

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
  • $3,447

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2504$3,6005$4,000
$4,000
RENT COMPS ANALYSIS
  • 5535 Chapman Dr Newark, CA 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4318 Castanos St Fremont, CA 2
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1967
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.24
    •  
  • 3732 Dunbar Pl Fremont, CA 3
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1977
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.24
    •  
  • 36068 Ashton Pl Fremont, CA 4
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1971
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.95
    •  
  • 37637 Glenmoor Dr Fremont, CA 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
Thomas Cree
Legacy Real Estate & Assoc.
BESbswy