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48705 Flagstaff Ct Fremont, CA 94539

3 Beds 2 Baths 1,658 sqft Built 1984

INVESTimate

$1,429,999

List Price

$3,490

$3,240 - $3,740

Rent Est.

$1,615,184  ( +12.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $862.48
  • 2 Days on Market
  • MLS # : BE40917915
  • Updated Date : 08/25/2020 at 12:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,658 sqft
  • Baths : 2 full
Listing Agent

Re/max Active Realty

Listing Agent's Description

Fully updated home in a quiet Warm Springs neighborhood. The home comes with over $60,000.00 worth of upgrades that include TESLA Solar panels with 2 TESLA powerwalls for full backup and low PGE bill. Updated kitchen with granite counter & stainless-steel appliances, recessed lights, newly updated bathrooms. Large bedrooms furnished with plush carpet. Both bathrooms updated in 2018/2019. Laminate flooring thought out the living area, kitchen and hallways. New water heater, New refrigerator and New energy efficient dryer. Fresh interior/exterior paint, dual pane windows and central air-conditioning. Approx 3 miles from TESLA factory and Fremont Business parkClose to 237, 680 and 888 freeways, 2.8 miles from Bart. Easy commute to Ohlone college, San Jose state and Santa Clara universities. Close to major Silicon Valley companies. Irvington High, Horner middle & Warm Springs school. Parks, hiking trails and biking trails in close proximity. Visit http://www.48705flagstaffcourt.com

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PRICE & RENT TRENDS

Neighborhood: Warm Springs

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1323k

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

Neighborhood: Warm Springs

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Warm Springs Elementary School Primary Regular 871 30 9
Warm Springs Elementary School Middle Regular 871 30 9
Irvington High School High Magnet 2,248 91 9

Warm Springs Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 30
9
GreatSchools Rating

Warm Springs Elementary School

  • Education Level: Middle
  • # of students: 871
  • # of teachers: 30
9
GreatSchools Rating

Irvington High School

  • Education Level: High
  • # of students: 2,248
  • # of teachers: 91
9
GreatSchools Rating
 

$1,286,999$1,572,999$1,429,999

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$5,276
Property Tax -$1,574
Property Insurance -$67
Property Management Fees -$171
CASH FLOW
-$3,598

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.

$1,429,999

PROJECTED PRICE

$3,490

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.95%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$384,700

INVESTMENT

$384,700

Down Payment
$357,500
Rehab Estimate
$5,750
Closing Costs
$21,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,276

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $357,500
Loan Amount $1,072,499
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $3,509

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4903$3,5004$3,700
$3,700
RENT COMPS ANALYSIS
  • 48705 Flagstaff Ct Fremont, 2
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $2.10
    •  
  • 625 Cochise Ct Fremont, 1
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.01
    •  
  • 293 Aspenridge Dr Milpitas, 3
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 1990
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.17
    •  
  • 275 Woodruff Way Milpitas, 4
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1991
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.17
    •  
PROPERTY LISTING DETAILS
Moni Shah
Re/max Active Realty
BESbswy