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7768 Hermitage Ave Newark, CA 94560

4 Beds 3 Baths 2,403 sqft Built 1975

$1,287,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $535.58
  • 4 Days on Market
  • MLS # : CC40926176
  • Updated Date : 10/31/2020 at 07:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,403 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Custom interior highlights include, modern lighting, exquisite hardwood flooring, fresh paint, spectacular large windows and newer carpet. The spacious, light living room and connecting dining room serves as the perfect entertaining space to gather with family and friends. These rooms flow into the fabulous new kitchen featuring gorgeous stone countertops, stainless steel appliances, and stunning new cabinetry. The adjacent family room opens into the massive bonus room, with high ceilings, new windows, and beautiful views of the backyard. This additional flex space can be used and a playroom, game room, office, or home school. The expansive master bedroom features an ensuite bathroom with a stall shower and custom tile work. Enjoy the outdoors in this relaxing, private, low maintenance backyard. This wonderful family home is conveniently located close to Facebook, Tesla, Lucid, Coyote Hills, shopping, restaurants, freeways. Call Laura Barbara for appointment 925-389-7601

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
Lincoln Elementary School Primary Regular 418 16 8
Lincoln Elementary School Middle Regular 418 16 8
Newark Memorial High School High Magnet 1,850 73 6

Lincoln Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 16
8
GreatSchools Rating

Lincoln Elementary School

  • Education Level: Middle
  • # of students: 418
  • # of teachers: 16
8
GreatSchools Rating

Newark Memorial High School

  • Education Level: High
  • # of students: 1,850
  • # of teachers: 73
6
GreatSchools Rating
 

$1,158,300$1,415,700$1,287,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$4,748
Property Tax -$1,379
Property Insurance -$85
Property Management Fees -$188
CASH FLOW
-$2,570

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.

$1,287,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.30%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$346,805

INVESTMENT

$346,805

Down Payment
$321,750
Rehab Estimate
$5,750
Closing Costs
$19,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,748

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $321,750
Loan Amount $965,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$56

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
  • $4,013

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 7768 Hermitage Ave Newark, CA 1
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5340 Shamrock Cmn Fremont, CA 2
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1990
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.67
    •  
PROPERTY LISTING DETAILS
Khrista Jarvis
Compass
BESbswy