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PROPERTY INFO
FACTS
- Single Family
- Built In 1941
- Price/Sqft : $156.33
- 4 Days on Market
- MLS # : 2252266
- Updated Date : 12/03/2020 at 14:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,983 sqft
- Baths : 1 full
Listing Agent
Neighborhood Realty
Listing Agent's Description
Gorgeous & unique large rambler! One of only 144 homes in John S Park Historic District. Large den/family room. Sunroom not inc in s/f. Built in 1941, Original hardwood flooring throughout most of the original house and it's DOWNTOWN! 3 bedroom, can easily be converted into 4. HUGE lot, over 1/4 acre. Substantial for downtown, plus a garage and 2 carports, wraparound driveway. 3 pomegranate trees and 2 fig trees! Mulberry tree in the backyard. Very large kitchen with large island. Great if you love to cook. New roof installed less than 2 years ago. Walking distance to both Fremont and the Arts District.
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PRICE & RENT TRENDS
Neighborhood: John S. Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: John S. Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$106 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$126
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$310,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
7.67
YEARS SAVED
$36,258
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
PROPERTY LISTING DETAILS
1.702.279.2466
Neighborhood Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2252266
Last Updated: 12/03/2020
