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1007 River Rock Ln Danville, CA 94526

4 Beds 3 Baths 2,014 sqft Built 1996

$1,299,000

List Price

$4,610

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $644.99
  • 5 Days on Market
  • MLS # : CC40927606
  • Updated Date : 11/01/2020 at 13:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,014 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Location, Location, Location In Highly Sought After Stony Brook Community In Westside Downtown Danville . Gourmet kitchen highlights include custom white cabinetry, granite counters & high-end stainless appliances including Viking gas range, Viking refrigerator & Miele dishwasher . Large family room is open to the kitchen & is highlighted by vaulted ceilings, a double-sided gas fireplace w/ crystals & a slider to the charming patio area . Formal dining room features custom shutters & shares the double sided fireplace . Master suite is highlighted by a double door entry, 2 spacious walk-in closets w/ custom built-ins & a cozy bench seat . Master bath features a sky light, custom white cabinetry, dual sinks, a sunken tub & an oversized shower with custom tile . Light & bright open floor plan . Inside laundry area . 2-car garage w/ Apoxy floor finish & Gladiator cabinets . Spacious charming patio area w/ beautiful landscaping . Meticulous home w/ $150,000 in upgrades! * Community Pool

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Danville

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1326k

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

Neighborhood: Downtown Danville

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714494

* 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
Montair Elementary School Primary Regular 555 25 10
Stone Valley Middle School Middle Regular 583 25 10
San Ramon Valley High School High Regular 2,182 90 10

Montair Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 25
10
GreatSchools Rating

Stone Valley Middle School

  • Education Level: Middle
  • # of students: 583
  • # of teachers: 25
10
GreatSchools Rating

San Ramon Valley High School

  • Education Level: High
  • # of students: 2,182
  • # of teachers: 90
10
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,610
EXPENSES Loan Payment -$4,793
Property Tax -$1,277
Property Insurance -$76
HOA -$275
Property Management Fees -$226
CASH FLOW
-$2,037

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.

$1,299,000

PROJECTED PRICE

$4,610

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$385

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
  • $4,607

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,0004$4,6005$4,900
$4,900
RENT COMPS ANALYSIS
  • 1007 River Rock Ln Danville, CA 1
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 128 Elworthy Ranch Dr Danville, CA 2
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2015
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.11
    •  
  • 680 Rock Island Cir Danville, CA 3
    • 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 1976
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.32
    •  
  • 1142 River Rock Lane Danville, CA 4
    • 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 1996
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.33
    •  
  • 1036 River Rock Ln Danville, CA 5
    • 4 beds 4 baths ∙ 2,052 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,052 Sqft ∙ Built 1996
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.39
    •  
PROPERTY LISTING DETAILS
Danielle Cranston
Compass
BESbswy