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5740 Butano Park Dr Fremont, CA 94538

3 Beds 2 Baths 1,558 sqft Built 1963

$1,148,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $736.84
  • 4 Days on Market
  • MLS # : MR40928988
  • Updated Date : 11/13/2020 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,558 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Associates

Listing Agent's Description

Welcome Home!! Charming ready to move-in ranch style residence located in the highly sought after Southpark neighborhood of Fremont. This house features newer HVAC/Ac system, newer roof, dual pane windows, updated baths, updated electrical and recessed lights, updated plumbing and a renovated kitchen with cabinets, quartz counter-tops and stainless steel appliances and hardwood floors throughout the home. The large sized family room and kitchen combo is built perfectly for entertainment. Big windows in living room allow ample sunlight. Functional yard for entertainment and easy maintenance. Convenient location offers close access to top rated Fremont schools/restaurants/mall/BART and highways 880 & 680.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blacow

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $252k1104k

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

Neighborhood: Blacow

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400Rent in $16123417

* 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
Steven Millard Elementary School Primary Regular 600 24 8
Steven Millard Elementary School Middle Regular 600 24 8
John F. Kennedy High School High Regular 1,436 62 7

Steven Millard Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 24
8
GreatSchools Rating

Steven Millard Elementary School

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 24
8
GreatSchools Rating

John F. Kennedy High School

  • Education Level: High
  • # of students: 1,436
  • # of teachers: 62
7
GreatSchools Rating
 

$1,033,200$1,262,800$1,148,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$4,236
Property Tax -$1,222
Property Insurance -$65
Property Management Fees -$158
CASH FLOW
-$2,460

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.

$1,148,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$309,970

INVESTMENT

$309,970

Down Payment
$287,000
Rehab Estimate
$5,750
Closing Costs
$17,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,000
Loan Amount $861,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$9

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
  • $3,381

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$3,2004$3,3505$3,650
$3,650
RENT COMPS ANALYSIS
  • 5740 Butano Park Dr Fremont, CA 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4512 Capewood Ter Fremont, CA 2
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1971
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.13
    •  
  • 4874 Seneca Park Ave Fremont, CA 3
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1961
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.21
    •  
  • 42725 Everglades Park Dr Fremont, CA 4
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1962
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.12
    •  
  • 5087 Cobb Ct Fremont, CA 5
    • 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1962
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.22
    •  
PROPERTY LISTING DETAILS
Steve Ahn
Legacy Real Estate & Associates
BESbswy