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999 Alice Avenue San Leandro, CA 94577

2 Beds 1 Baths 1,249 sqft Built 1938

INVESTimate

$649,000

List Price

$2,460

$2,214 - $2,706

Rent Est.

$745,701  ( +14.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1938
  • Price/Sqft : $519.62
  • 6 Days on Market
  • MLS # : EB40917691
  • Updated Date : 08/22/2020 at 20:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,249 sqft
  • Baths : 1 full
Listing Agent

Century 21 Marquis

Listing Agent's Description

Cozy 2 bedroom corner lot located close to Roosevelt School. Large lot. This home needs TLC but the attributes of this home are amazing which includes an arched entry door, beautiful high vaulted barrel ceiling in living room, a large kitchen with a corner window seat, dining area, family room and hardwood floors throughout.

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PRICE & RENT TRENDS

Neighborhood: Broadmoor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $227k1029k

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

Neighborhood: Broadmoor

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14563193

* 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
Roosevelt Elementary School Primary Regular 546 20 6
Bancroft Middle School Middle Regular 863 40 2
San Leandro High School High Regular 2,601 119 4

Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 20
6
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,395
Property Tax -$741
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$881

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.

$649,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.90%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,086

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,460

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $2,644

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,460
1$2,4602$3,0003$3,0004$3,250
$3,250
RENT COMPS ANALYSIS
  • 999 Alice Avenue San Leandro, 1
    • 2 beds 1 baths ∙ 1,249 Sqft ∙ Built 1938 2 beds 1 baths ∙ 1,249 Sqft ∙ Built 1938
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.97
    •  
  • 810 Rodney Dr San Leandro, 2
    • 2 beds 2 baths ∙ 1,506 Sqft ∙ Built 1938 2 beds 2 baths ∙ 1,506 Sqft ∙ Built 1938
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.99
    •  
  • 291 Lorraine Blvd San Leandro, 3
    • 2 beds 2 baths ∙ 1,495 Sqft ∙ Built 1941 2 beds 2 baths ∙ 1,495 Sqft ∙ Built 1941
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
  • 863 Collier Dr San Leandro, 4
    • 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 1945 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 1945
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.35
    •  
PROPERTY LISTING DETAILS
Anthony Carrasco
Century 21 Marquis
BESbswy