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8527 Jetty Way Newark, CA 94560

3 Beds 4 Baths 1,634 sqft Built 2017

$1,079,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $660.34
  • 39 Days on Market
  • MLS # : ML81820145
  • Updated Date : 12/18/2020 at 20:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Bayshores Community The Banks plan 1. This beautiful home features 3 bedroom, 3.5 bathroom,1,634 Sq Ft, 2 car garage, and covered deck at living room. One bedroom and one full bathroom on the lower level. Modern kitchen with stainless steel appliances and quartz countertop. The community is conveniently located close to Facebook and Tesla, among other major employers. Bayshores residents enjoy a host of amenities like park, kids playground and private clubhouse. Nearby Don Edwards San Francisco National Wildlife Refuge offers open space with trails and nature to explore. Easy access to Dumbarton bridge and I-880.

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
Schilling Elementary School Primary Regular 468 19 3
Newark Junior High School Middle Regular 906 41 4
Newark Memorial High School High Magnet 1,850 73 6

Schilling Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 19
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
 

$971,100$1,186,900$1,079,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,981
Property Tax -$1,156
Property Insurance -$67
HOA -$110
Property Management Fees -$180
CASH FLOW
-$1,814

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.

$1,079,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.34%

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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,685

INVESTMENT

$291,685

Down Payment
$269,750
Rehab Estimate
$5,750
Closing Costs
$16,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $269,750
Loan Amount $809,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$143

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
  • $3,677

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,100
$4,100
RENT COMPS ANALYSIS
  • 8527 Jetty Way Newark, CA 1
    • 3 beds 4 baths ∙ 1,634 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,634 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8535 Central Ave Newark, CA 2
    • 3 beds 4 baths ∙ 1,634 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,634 Sqft ∙ Built 2018
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.33
    •  
  • 8507 Central Ave Newark, CA 3
    • 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2018
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.17
    •  
PROPERTY LISTING DETAILS
Helen Du
Compass
BESbswy