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8558 Rockview Way Newark, CA 94560

3 Beds 3 Baths 1,942 sqft Built 2017

$1,085,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $558.70
  • 3 Days on Market
  • MLS # : CC40930185
  • Updated Date : 12/04/2020 at 16:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,942 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Built in 2017, this sophisticated Tides at Bayshore home is ideally situated near shopping, freeways, public transportation & the Tri-City shoreline. Next to The Don Edwards National Wildlife Refuge, this multi-level house has 3BR, 2.5BA, an open kitchen/fam room, laundry room, 2-car garage & a large, top floor bonus room that can be used as a media/family room or easily converted into a 4th BR. At nearly 2000SF, this spacious home features 9-ft ceilings, recessed lighting, dual-pane windows, an integrated fire sprinkler system, bright sunlit rooms, custom installed cinema projector & plenty of storage. Easy commuter options to San Francisco include Casual Carpool, AC Transit, or the Fremont BART station! Newark has everything-a great library, plenty of shopping and Newpark Mall & ideal bayside weather! This location is ideal for accessing running trails, open space & the shoreline. Very low HOA fee. This is a beautiful home in a tranquil Newark location.

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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
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
 

$976,500$1,193,500$1,085,000

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 -$4,003
Property Tax -$1,163
Property Insurance -$74
HOA -$110
Property Management Fees -$180
CASH FLOW
-$1,850

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.

$1,085,000

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$293,275

INVESTMENT

$293,275

Down Payment
$271,250
Rehab Estimate
$5,750
Closing Costs
$16,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $271,250
Loan Amount $813,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$122

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
  • $3,724

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7953$3,8504$4,1005$4,300
$4,300
RENT COMPS ANALYSIS
  • 8558 Rockview Way Newark, CA 1
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8549 Waveside Way Newark, CA 2
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.81
    •  
  • 38016 Salty Cove Rd Newark, CA 3
    • 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 2018
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.79
    •  
  • 8507 Central Ave Newark, CA 4
    • 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
    •  
  • 6280 Honeysuckle Dr Newark, CA 5
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2000
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.90
    •  
PROPERTY LISTING DETAILS
Daniel Ripper
Compass
BESbswy