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739 Midway Ave San Leandro, CA 94577

2 Beds 1 Baths 1,122 sqft Built 1942

INVESTimate

$530,000

List Price

$2,670

$2,420 - $2,920

Rent Est.

$582,576  ( +9.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1942
  • Price/Sqft : $472.37
  • 8 Days on Market
  • MLS # : BE40917439
  • Updated Date : 08/25/2020 at 10:21
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,122 sqft
  • Baths : 1 full
Listing Agent

Bay Homes Realty

Listing Agent's Description

Suits Investors and Flippers. On convenient Davis East Tract Location. Walk to BART and public transportation. Near downtown, shopping and other conveniences. Few-minute-drive to Home Depot and Costco. Biking distance to schools. A Single family home. 2 bedrooms, 1 bath, dining. hardwood floors, double-pane windows, upgraded kitchen, wood kitchen cabinets, granite counter top, stainless-steel kitchen appliances. Added enclosed patio currently used as family room, Added bonus room on attic without city permit by previous owner, one attached garage. Beautiful, large back yard with wood deck for bar-be-queing, entertaining, and storage. To be sold in present "AS_IS" physical condition. Provided are Seller Disclosures, termite, property inspection and foundation reports at Disclosures.ioLink. Write your offers.

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PRICE & RENT TRENDS

Neighborhood: Eastshore-Davis Street

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Eastshore-Davis Street

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13413193

* 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
Woodrow Wilson Elementary School Primary Regular 734 26 5
John Muir Middle School Middle Regular 962 44 3
San Leandro High School High Regular 2,601 119 4

Woodrow Wilson Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 26
5
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 44
3
GreatSchools Rating

San Leandro High School

  • Education Level: High
  • # of students: 2,601
  • # of teachers: 119
4
GreatSchools Rating
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,955
Property Tax -$605
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$93

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.

$530,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.92%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$48,367

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 739 Midway Ave San Leandro,
    • 2 beds 1 baths ∙ 1,122 Sqft ∙ Built 1942 2 beds 1 baths ∙ 1,122 Sqft ∙ Built 1942
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Dorie Ramirez
Bay Homes Realty
BESbswy