Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6269 Lido Ct Newark, CA 94560

3 Beds 3 Baths 1,666 sqft Built 1979

$869,888

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $522.14
  • 3 Days on Market
  • MLS # : BE40931037
  • Updated Date : 12/04/2020 at 14:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,666 sqft
  • Baths : 2 full , 1 half
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

Welcome to "The Cedars" This wonderful two story, detached single family home is located just a couple minutes to the Dumbarton Bridge, Highway 880, shopping and more... Built in 1979, this home boasts 1666 square feet of living space and is located at the end of a quiet cul-de-sac! This spacious home has three very nice bedrooms upstairs. The master bedroom comes complete with a walk-in closet and double sink vanity. The living room and formal dining area's are located just off of your private back yard patio. Park your cars in this large two car garage that has direct access to your downstairs kitchen area. Other amenities of this fine home include; new cement driveway, new interior paint, some new fences, new dishwasher, washer/dryer in garage and a newer hot water heater. NO HOA, no monthly dues...Location, Location, Location, must see today!

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
Snow Elementary School Primary Regular 406 17 4
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

Snow Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 17
4
GreatSchools Rating

Newark Junior High School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 41
4
GreatSchools Rating

Newark Memorial High School

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

$782,899$956,877$869,888

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$3,210
Property Tax -$932
Property Insurance -$67
Property Management Fees -$154
CASH FLOW
-$1,213

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.

$869,888

PROJECTED PRICE

$3,150

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,270

INVESTMENT

$236,270

Down Payment
$217,472
Rehab Estimate
$5,750
Closing Costs
$13,048

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,472
Loan Amount $652,416
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,495

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,303

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,4003$3,4004$3,6995$3,700
$3,700
RENT COMPS ANALYSIS
  • 6269 Lido Ct Newark, CA 1
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.89
    •  
  • 34521 Winslow Ter Fremont, CA 2
    • 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1987
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.97
    •  
  • 4802 Mallard Cmn Fremont, CA 3
    • 4 beds 3 baths ∙ 1,646 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,646 Sqft ∙ Built 1987
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.07
    •  
  • 34696 Teal Cmn Fremont, CA 4
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1988
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,699
    • $1.99
    •  
  • 34359 Agate Ter Fremont, CA 5
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1990
    property image
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.90
    •  
PROPERTY LISTING DETAILS
Thomas Cree
Legacy Real Estate & Assoc.
BESbswy