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

6374 Broadway Ave Newark, CA 94560

5 Beds 2 Baths 1,662 sqft Built 1954

$925,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $556.56
  • 2 Days on Market
  • MLS # : BE40933041
  • Updated Date : 01/02/2021 at 11:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Your Family Realty Center

Listing Agent's Description

START THE YEAR HAPPY! Everybody has his/her own room in this 5-bedroom cozy home! Upgraded laminate floors throughout! Freshly painted interior walls! Spacious living room with fireplace! Lots of light! Enjoy family meals in comfort at the Dining Area! Open kitchen with updated cabinets and granite countertops with refrigerator! New sink faucet! New garbage disposal! Gas stove! New washer and dryer! Impressive garden in front yard! Big backyard with storage sheds! Must see this great home waiting for the next owner! https://app.disclosures.io/link/6374-Broadway-Avenue-21kvr3k2

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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$3,413
Property Tax -$991
Property Insurance -$67
Property Management Fees -$173
CASH FLOW
-$1,105

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.

$925,000

PROJECTED PRICE

$3,540

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

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,591

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
  • $3,681

    COMP ESTIMATED VALUE
  • $2.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,300
$3,300
RENT COMPS ANALYSIS
  • 6374 Broadway Ave Newark, CA 1
    • 5 beds 2 baths ∙ 1,662 Sqft ∙ Built 1954 5 beds 2 baths ∙ 1,662 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 38891 Jonquil Dr Newark, CA 2
    • 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
    •  
  • 5520 Tilden Pl Fremont, CA 3
    • 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,387 Sqft ∙ Built 1966
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.38
    •  
PROPERTY LISTING DETAILS
Nancy Salonga
Your Family Realty Center
BESbswy