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6353 Potrero Dr Newark, CA 94560

3 Beds 3 Baths 1,766 sqft Built 1990

$910,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $515.29
  • 3 Days on Market
  • MLS # : ML81824368
  • Updated Date : 01/02/2021 at 22:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Drysdaleproperties

Listing Agent's Description

Beautiful spacious and stately SFR with upgrades. Enter from the covered porch into an expansive living room-formal dining area with fireplace & bay window. Full kitchen-family room combination with access to the the backyard patio for entertaining & grilling: central guest bathroom and large laundry closet with side-by-side W/D; detached garage with side parking off-street parking space. Located near OHLONE College Center for Health, Newpark Mall, Mowry Plaza, Mel Nunez Park, Newark Swim Team and Fremont Norcal Tennis Academy. Shown by appointment only.

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
James L. Bunker Elementary School Primary Regular 543 22 NA
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

James L. Bunker Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 22
NA
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
 

$819,000$1,001,000$910,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$3,357
Property Tax -$986
Property Insurance -$70
HOA -$202
Property Management Fees -$170
CASH FLOW
-$1,325

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.

$910,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.38%

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$246,900

INVESTMENT

$246,900

Down Payment
$227,500
Rehab Estimate
$5,750
Closing Costs
$13,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,357

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $227,500
Loan Amount $682,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$887

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
  • $3,753

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,2005$3,975
$3,975
RENT COMPS ANALYSIS
  • 6353 Potrero Dr Newark, CA 1
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
  • 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 12/26/20
    • 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
    •  
  • 5467 Andromeda Cir Fremont, CA 5
    • 4 beds 3 baths ∙ 1,763 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,763 Sqft ∙ Built 1994
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,975
    • $2.25
    •  
PROPERTY LISTING DETAILS
Catherine Vallee
Berkshire Hathaway Homeservices Drysdaleproperties
BESbswy