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6016 Mistflower Ave Newark, CA 94560

4 Beds 2 Baths 1,522 sqft Built 1965

$1,100,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $722.73
  • 2 Days on Market
  • MLS # : MR40932297
  • Updated Date : 12/19/2020 at 14:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,522 sqft
  • Baths : 2 full
Listing Agent

Re/max Gold Lodi

Listing Agent's Description

This darling updated home is within walking distance to Birch Grove Primary/Intermediate, Montessori school, Birch Grove park, close to freeway, shopping. This freshly painted home features updated kitchen counters, with induction range/hood and island with breakfast bar. All bedrooms have new carpet and base. The baths have new vanities. There is new laminate flooring throughout. Between the whole house fan, new windows and owned-solar, the energy bill is very low! Large corner lot has room for ADU and access from side, a large concrete patio, a shed and room to grow a garden! There is a new garage and front door too. Come see this cutie!

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
Milani Elementary School Primary Regular 364 14 6
Milani Elementary School Middle Regular 364 14 6
Newark Memorial High School High Magnet 1,850 73 6

Milani Elementary School

  • Education Level: Primary
  • # of students: 364
  • # of teachers: 14
6
GreatSchools Rating

Milani Elementary School

  • Education Level: Middle
  • # of students: 364
  • # of teachers: 14
6
GreatSchools Rating

Newark Memorial High School

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

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$4,059
Property Tax -$1,179
Property Insurance -$64
Property Management Fees -$158
CASH FLOW
-$2,229

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.

$1,100,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.29%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$37

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,230

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $3,204

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,2004$3,2305$3,250
$3,250
RENT COMPS ANALYSIS
  • 6016 Mistflower Ave Newark, CA 4
    • 4 beds 2 baths ∙ 1,522 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,522 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $2.12
    •  
  • 5271 Selma Ave Fremont, CA 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.18
    •  
  • 6137 Joaquin Murieta Ave B Newark, CA 2
    • 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 1981
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
  • 38654 Lavender Pl Newark, CA 3
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.12
    •  
  • 38891 Jonquil Dr Newark, CA 5
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1966
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.05
    •  
PROPERTY LISTING DETAILS
Michelle Halldorson
Re/max Gold Lodi
BESbswy