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Leonard Dr San Leandro, CA 94577

3 Beds 1 Baths 1,040 sqft Built 1953

$749,900

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $721.06
  • 5 Days on Market
  • MLS # : BE40927574
  • Updated Date : 11/06/2020 at 14:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Alliance Bay Realty

Listing Agent's Description

Lovely well maintained house ready for you to call it "Home". Freshly painted inside and out. Home has been updated over the years. Kitchen has beautiful granite counters, tile floor and stainless steal appliances. Large back yard with many fruit trees. A bonus in-law unit for your young adult children or extended family. This home is a commuter's delight...conveniently located near 880, BART or shot drive to 580. Walking distance to elementary and middle schools and a park. Close to Hospital, downtown, and shopping: Costco, Walmart, Home Depot, local strip mall.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eastshore-Davis Street

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Eastshore-Davis Street

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13413193

* 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
Woodrow Wilson Elementary School Primary Regular 734 26 5
John Muir Middle School Middle Regular 962 44 3
San Leandro High School High Regular 2,601 119 4

Woodrow Wilson Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 26
5
GreatSchools Rating

John Muir Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 44
3
GreatSchools Rating

San Leandro High School

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

$674,910$824,890$749,900

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,767
Property Tax -$856
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$864

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.

$749,900

PROJECTED PRICE

$2,960

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.9%
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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $2.85

    LIST RENT PER SQFT
  • $3,359

    COMP ESTIMATED VALUE
  • $3.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$3,0003$3,500
$3,500
RENT COMPS ANALYSIS
  • Leonard Dr San Leandro, CA 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $2.85
    •  
  • 424 Darien Ave Oakland, CA 2
    • 3 beds 1 baths ∙ 784 Sqft ∙ Built 1942 3 beds 1 baths ∙ 784 Sqft ∙ Built 1942
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $3.83
    •  
  • 1975 Trombas Ave San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1943
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.63
    •  
PROPERTY LISTING DETAILS
Esperanza Alvarez-cardenas
Alliance Bay Realty
BESbswy