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INVESTimate
$1,429,999
List Price
$384,700
REQUEST INFO
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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Warm Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
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
INVESTMENT
$384,700
LOAN DETAILS
$5,276
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $357,500 |
Loan Amount | $1,072,499 |
-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
PROPERTY LISTING DETAILS
Re/max Active Realty