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616 Lonsdale Ave Fremont, CA 94539

3 Beds 2 Baths 1,462 sqft Built 1962

$1,350,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $923.39
  • 2 Days on Market
  • MLS # : BE40934568
  • Updated Date : 01/16/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Mit Realty Group

Listing Agent's Description

A beautiful house to be called home! Fresh new paint and major upgrade done around 2013. Hickory hardwood and bamboo floors. Central AC and heater. Crown molding and skylight in the kitchen. Luxurious custom made blinds. Double pane windows. Recess ceiling light. Brand new front yard and backyard landscaping. Distinguished Warm Springs Schools. Easy access to 580 and 680 and minutes away from the major companies in the core Silicon Valley area. Visit website: https://hdphotohub.com/197693 for more information

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Warm Springs

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1323k

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

Neighborhood: Warm Springs

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
Warm Springs Elementary School Primary Regular 871 30 9
Warm Springs Elementary School Middle Regular 871 30 9
Irvington High School High Magnet 2,248 91 9

Warm Springs Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 30
9
GreatSchools Rating

Warm Springs Elementary School

  • Education Level: Middle
  • # of students: 871
  • # of teachers: 30
9
GreatSchools Rating

Irvington High School

  • Education Level: High
  • # of students: 2,248
  • # of teachers: 91
9
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$4,689
Property Tax -$1,460
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$3,341

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.

$1,350,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.0%
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-$50k-$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$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$173

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
  • $3,046

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2954$3,400
$3,400
RENT COMPS ANALYSIS
  • 616 Lonsdale Ave Fremont, CA 1
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 46774 Fernald Fremont, CA 2
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1981
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.36
    •  
  • 45751 Cheyenne Pl Fremont, CA 3
    • 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1974
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.88
    •  
  • 625 Cochise Ct Fremont, CA 4
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.01
    •  
PROPERTY LISTING DETAILS
Marina Tao
Mit Realty Group
BESbswy