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950 Grace St San Leandro, CA 94578

3 Beds 1 Baths 1,201 sqft Built 1947

$699,999

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $582.85
  • 5 Days on Market
  • MLS # : MR40927445
  • Updated Date : 11/02/2020 at 09:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,201 sqft
  • Baths : 1 full
Listing Agent

Eq1

Listing Agent's Description

This classic mid-century home has been lovingly cared for by only two owners in its lifetime.The oversized corner lot allows privacy & intimacy in this light & bright home.The formal entryway greets pristine original hardwoods, fresh paint, & hall closet. The living area is open to the dining area, which gives the home a spacious and inviting entertainment space. A remodeled kitchen, equipped with top of the line stainless steel appliances, quartz countertops, new cabinetry, & custom handcrafted open shelving, provide character & utility.High-end vinyl plank flooring completes the look for durability, functionality, and style. Enjoy the backyard oasis complete with a shade structure, storage shed, new wooden garden box, and large open courtyard.This home also features three generous bedrooms, a renovated bathroom with white porcelain shower tile, vinyl plank flooring, and spa finishes. Located conveniently near 580, 880 with a short walk to the Bayfair BART station.

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PRICE & RENT TRENDS

Neighborhood: Halcyon-Foothill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Halcyon-Foothill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13603193

* 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
Jefferson Elementary School Primary Regular 608 23 3
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 23
3
GreatSchools Rating

Bancroft Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 40
2
GreatSchools Rating

San Leandro High School

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

$629,999$769,999$699,999

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,583
Property Tax -$775
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$893

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.

$699,999

PROJECTED PRICE

$2,670

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,621

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
  • $2,546

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,000
$3,000
RENT COMPS ANALYSIS
  • 950 Grace St San Leandro, CA 1
    • 3 beds 1 baths ∙ 1,201 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,201 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 15503 Montreal St San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1960
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.11
    •  
PROPERTY LISTING DETAILS
Jen Beehler
Eq1
BESbswy