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Arena St San Leandro, CA 94579

4 Beds 2 Baths 1,561 sqft Built 1955

$829,999

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $531.71
  • 2 Days on Market
  • MLS # : MR40931880
  • Updated Date : 12/12/2020 at 21:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,561 sqft
  • Baths : 2 full
Listing Agent

Goldenstate Realty & Home Loans

Listing Agent's Description

Rare four bedroom home in the Manor, on the Lewelling side. Seller has completed many upgrades to include new windows, roof, exterior paint, etc. Property is equipped with full R.V. hookups at front of home. Private Jacuzzi tub in room at back of home. Low maintenance yards. Location is outstanding, close to major highways, BART, major shopping, walking and bike trails, San Leandro Marina, Oakland Airport, and a short drive to San Francisco. A real must see home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Washington Manor

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1029k

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

Neighborhood: Washington Manor

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Dayton Elementary School Primary Regular 520 22 4
Washington Manor Middle School Middle Regular 873 38 4
Arroyo High School High Regular 1,784 78 7

Dayton Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 22
4
GreatSchools Rating

Washington Manor Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 38
4
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 78
7
GreatSchools Rating
 

$746,999$912,999$829,999

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,062
Property Tax -$891
Property Insurance -$65
Property Management Fees -$157
CASH FLOW
-$975

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.

$829,999

PROJECTED PRICE

$3,200

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.7%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,500
Loan Amount $622,499
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,431

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
  • $3,216

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8753$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • Arena St San Leandro, CA 1
    • 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1786 Via Chorro San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1956
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.96
    •  
  • 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
    •  
  • 1418 Culver Pl San Lorenzo, CA 4
    • 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 1972
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
  • 1651 Via Chorro San Lorenzo, CA 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
PROPERTY LISTING DETAILS
Timothy Sparaco
Goldenstate Realty & Home Loans
BESbswy