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5582 Hughes Pl Fremont, CA 94538

3 Beds 2 Baths 1,232 sqft Built 1966

INVESTimate

$989,000

List Price

$2,930

$2,680 - $3,180

Rent Est.

$267,835

Investment Est.

$1,110,350  ( +12.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $802.76
  • 2 Days on Market
  • MLS # : BE40918097
  • Updated Date : 08/25/2020 at 11:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

Nicely upgraded Ranch style home. New roof, New upgraded electrical service panel, Upgraded plumbing, Modern European style kitchen with new Cabinets and New appliances. Quartz counter tops. LED lighting throughout. Remodeled Hall Bath and a Master Bath with Frame less shower glass. Fresh paint inside and out. Newly landscaped with automatic sprinkler system. Large two car garage with epoxy floor paint. 6000+ square foot corner lot in a quiet cul-de-sac. Minutes from 880 freeway as well as shopping and restaurants. This home is ready for it's new owners.

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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
 

FINANCIALS

Learn how to read this

$890,100$1,087,900$989,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING
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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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$3,649
Property Tax -$1,066
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$1,991

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.

$989,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.27%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment		 $247,250
Rehab Estimate		 $5,750
Closing Costs		 $14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$43

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

  • $3,021

    COMP ESTIMATED VALUE

  • $2.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,3004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5582 Hughes Pl Fremont, 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 38709 Farwell Drive Fremont, 2
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1961
    property image
    LEASED 04/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.35
    •  
  • 5520 Tilden Pl Fremont, 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.38
    •  
  • 5271 Selma Ave Fremont, 4
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.58
    •  
  • 5120 Curtis St Fremont, 5
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1961
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.50
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Paul Stafford
Legacy Real Estate & Assoc.

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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