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6790 Flanders Dr 
Newark, CA
94560
3 Beds 2 Baths 1,250 sqft
Built 1961
INVESTimate
$848,000
List Price
$230,470
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PROPERTY INFO
FACTS
- Built In 1961
- Price/Sqft : $678.40
- 2 Days on Market
- MLS # : ML81807688
- Updated Date : 08/25/2020 at 22:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,250 sqft
- Baths : 2 full
Listing Agent
Faithful
Listing Agent's Description
A great single family home in desirable Newark neighborhood; Bright and functional floor plan; Beautifully upgraded kitchen with large central island, upgraded cabinets, stainless steel appliances and beautiful granite counter tops, Upgraded bathrooms with tile floor and granite counter tops, Gorgeous floor, Solar panels, Attached 2-cars garage, Centrally located and close to Parks, Shopping centers, Super markets, Restaurants. Easy access to HWY 84, 880, Dumbarton Bridge; Minutes away from Facebook HQ and close to Google, Oracle, Microsoft, etc.
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,310 |
| EXPENSES | Loan Payment | -$3,129 |
| Property Tax | -$909 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$947
|
||
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.
$848,000
PROJECTED PRICE
$3,310
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,470
LOAN DETAILS
$3,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,000 |
| Loan Amount | $636,000 |
1.5
YEARS SAVED
$8,272
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,310
LIST RENT -
$2.65
LIST RENT PER SQFT
-
$3,588
COMP ESTIMATED VALUE -
$2.87
COMP AVG. RENT PER SQFT
Comps Range
-
6790 Flanders Dr Newark, 1
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $3,310
- $2.65
-
35532 Cabrillo Dr Fremont, 2
- 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1958
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,495
- $3.03
-
4742 El Rey Ave Fremont, 3
- 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1955
LEASED 08/19/19- Rent
- Rent Per SQFT
- $3,500
- $2.71
PROPERTY LISTING DETAILS
Faithful
