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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $643.23
- 3 Days on Market
- MLS # : BE40931207
- Updated Date : 12/19/2020 at 09:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,522 sqft
- Baths : 2 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Coming Soon in the desirable Mowry West Neighborhood! A remodeled version of the favored 4 Bedroom floorplan on of the largest lots features Formal Living & Family Room centered by spacious remodeled Kitchen and dining area framed by matching, built-in buffet. Away from the hustle and bustle with limited traffic, this home sits on a large 8,127 SF lot with deep backyard space. With no rear neighbor the backyard has endless options, features a spacious stamped concrete patio and custom storage building. Dual pane windows, Elegant wood laminate and neutral tile throughout, Recessed lighting, remodeled bathrooms, spacious rooms and finished garage makes this home and easy place to build a new life in. Cared for with pride of ownership, seconds away from all schools & amenities and conveniently close to Hwy 880 & the Dumbarton Bridge. This one is not be missed!
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PRICE & RENT TRENDS
Neighborhood: Newark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,220 |
| EXPENSES | Loan Payment | -$3,612 |
| Property Tax | -$1,067 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$158 | |
|
CASH FLOW
-$1,681
|
||
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.
$979,000
PROJECTED PRICE
$3,220
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$265,185
LOAN DETAILS
$3,612
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $244,750 |
| Loan Amount | $734,250 |
0.17
YEARS SAVED
$105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,200
COMP ESTIMATED VALUE -
$2.1
COMP AVG. RENT PER SQFT
Comps Range
-
6261 Marguerite Dr Newark, CA 1
- 4 beds 2 baths ∙ 1,522 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,522 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5271 Selma Ave Fremont, CA 2
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1964
![property image]()
LEASED 11/18/20- Rent
- Rent Per SQFT
- $2,950
- $2.18
-
6255 Joaquin Murieta Ave D Newark, CA 3
- 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1981
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $3,000
- $2.06
-
38654 Lavender Pl Newark, CA 4
- 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
![property image]()
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
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,250
- $2.05
PROPERTY LISTING DETAILS
Intero Real Estate Services
