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6792 Martel Place Newark, CA 94560

4 Beds 2 Baths 1,386 sqft Built 1962

$960,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $692.64
  • 4 Days on Market
  • MLS # : BE40926459
  • Updated Date : 11/07/2020 at 18:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,386 sqft
  • Baths : 2 full
Listing Agent

Bhg Reliance Partners

Listing Agent's Description

Solar Panels are owned not leased. The solar panels are made by Sun Power, which retain the highest output in the industry, throughout the panels lifetime. It is an 8.4kw array-which produced 14 megawatts last year. Power generation offsets the pool, AC, house electric and EV charger use. 2 EV 100-amp charger circuits. Can charge 2 cars at once Pool- New plumbing, plaster, electrical, new paver pool deck and lights. Upgraded pebble plaster. Gas line installed to add a heater if someone wanted. And a hidden conduit on elevated patio for a hot tub if someone wanted to add Brand new fence along the pool side with a 14-year warranty All new lights in backyard with a security camera on the pool for child safety 40-year dimensional composition shingles roof with 32 years left Whole house rewired. 200 amp updated panel. Wired for Ethernet Dual Pane Windows. Central Air installed in 2019 Fully insulated (not the attic). Recessed Lights. Heater in the attic. Fossilized Bamboo floors. +More

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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 Graham Elementary School Primary Regular 423 17 3
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

James Graham Elementary School

  • Education Level: Primary
  • # of students: 423
  • # of teachers: 17
3
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
 

$864,000$1,056,000$960,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,542
Property Tax -$1,029
Property Insurance -$61
Property Management Fees -$182
CASH FLOW
-$1,103

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.

$960,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.39%

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$4.0M

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$260,150

INVESTMENT

$260,150

Down Payment
$240,000
Rehab Estimate
$5,750
Closing Costs
$14,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $240,000
Loan Amount $720,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$8,365

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
  • $4,449

    COMP ESTIMATED VALUE
  • $3.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$3,5004$4,200
$4,200
RENT COMPS ANALYSIS
  • 6792 Martel Place Newark, CA 1
    • 4 beds 2 baths ∙ 1,386 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,386 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 35532 Cabrillo Dr Fremont, CA 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, CA 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
    •  
  • 5541 Fernwood Dr Newark, CA 4
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1961
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.89
    •  
PROPERTY LISTING DETAILS
Selma Michael
Bhg Reliance Partners
BESbswy