Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5590 Clove Hitch Loop Fremont, CA 94555

4 Beds 3 Baths 2,176 sqft Built 2016

$1,450,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $666.36
  • 5 Days on Market
  • MLS # : ML81818830
  • Updated Date : 11/04/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,176 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services- Santa Clara

Listing Agent's Description

MISSION-STYLE LUXURY HOME AT PATTERSON RANCH | Built in 2016, this corner residence affords easy living on a family-friendly court in popular Patterson Ranch. The bright, open design boasts many high-end upgrades, including 7 luxury vinyl plank (LVP) floors, Hunter Douglas plantation shutters, wiring for surround sound, EV, and solarand more! Living and dining areas flow into a gourmet island kitchen with Bertazzoni oven, contrasting quartz countertops, and Shaker-style cabinetry. A main-level bedroom and full bath are ideal for guests, while the large upstairs loft is perfect as an office or family room. The master suite is elegant with dual vanities, a soaking tub, and walk-in closet. Outdoors, enjoy a picturesque paver patio and synthetic turf. Enjoy Nest climate control, upper-level laundry, two-car garage with overhead storage, and more. Patterson Ranch offers trails, a community garden, and picnic areas. Near tech/biotech campuses, BART, Amtrak, Dumbarton, and top schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ardenwood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1212k

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

Neighborhood: Ardenwood

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
Ardenwood Elementary School Primary Regular 965 34 8
Ardenwood Elementary School Middle Regular 965 34 8
American High School High Regular 1,985 80 10

Ardenwood Elementary School

  • Education Level: Primary
  • # of students: 965
  • # of teachers: 34
8
GreatSchools Rating

Ardenwood Elementary School

  • Education Level: Middle
  • # of students: 965
  • # of teachers: 34
8
GreatSchools Rating

American High School

  • Education Level: High
  • # of students: 1,985
  • # of teachers: 80
10
GreatSchools Rating
 

$1,305,000$1,595,000$1,450,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$5,350
Property Tax -$1,440
Property Insurance -$80
HOA -$150
Property Management Fees -$222
CASH FLOW
-$2,712

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.

$1,450,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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-$40k-$30k-$20k-$10k$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$390,000

INVESTMENT

$390,000

Down Payment
$362,500
Rehab Estimate
$5,750
Closing Costs
$21,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,350

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $362,500
Loan Amount $1,087,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$102

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
  • $4,504

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,500
$4,500
RENT COMPS ANALYSIS
  • 5590 Clove Hitch Loop Fremont, CA 1
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5526 Clove Hitch Loop Fremont, CA 2
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2016
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.07
    •  
PROPERTY LISTING DETAILS
Mike Strouf
Intero Real Estate Services- Santa Clara
BESbswy