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562 Mckinley Ct San Leandro, CA 94577

3 Beds 1 Baths 1,904 sqft Built 1941

INVESTimate

$749,000

List Price

$3,190

$2,940 - $3,440

Rent Est.

$820,305  ( +9.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1941
  • Price/Sqft : $393.38
  • 5 Days on Market
  • MLS # : BE40917052
  • Updated Date : 08/23/2020 at 11:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,904 sqft
  • Baths : 1 full
Listing Agent

Re/max Accord

Listing Agent's Description

This unique and lovely home is located on a fantastic court location and includes an in-law unit, which can be accessed from the home or from its own entrance. The open living and dining rooms are light and bright with numerous nearly floor-to-ceiling windows and is made cozy with a wood burning fireplace. The home also features a freshly painted interior and exterior, gleaming refinished hardwood floors, built in cabinets, and new flooring in the kitchen, bathroom, and in-law unit. The backyard includes 2 storage sheds, a patio, and planter boxes. The home is also a short walk to downtown San Leandro with its many wonderful shops and delicious restaurants. For commuters, the home is just a one mile walk to San Leandro BART. Virtual tour: https://unbranded.youriguide.com/562_mckinley_ct_san_leandro_ca

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PRICE & RENT TRENDS

Neighborhood: Downtown San Leandro

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Downtown San Leandro

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13773193

* 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
Mckinley Elementary School Primary Regular 523 18 2
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 18
2
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
 

$674,100$823,900$749,000

PURCHASE PRICE

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

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,763
Property Tax -$855
Property Insurance -$73
Property Management Fees -$156
CASH FLOW
-$658

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.

$749,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.52%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$16,264

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
  • $3,732

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,400
$3,400
RENT COMPS ANALYSIS
  • 562 Mckinley Ct San Leandro, 1
    • 3 beds 1 baths ∙ 1,904 Sqft ∙ Built 1941 3 beds 1 baths ∙ 1,904 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1750 Benedict Dr San Leandro, 2
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
Louise Lovewell
Re/max Accord
BESbswy