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1008 Malbec Ct. Brentwood, CA 94513

2 Beds 3 Baths 2,280 sqft Built 2015

INVESTimate

$949,000

List Price

$3,010

$2,760 - $3,260

Rent Est.

$1,029,191  ( +8.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $416.23
  • 4 Days on Market
  • MLS # : EB40917968
  • Updated Date : 08/24/2020 at 09:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,280 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Located in the 55+ Trilogy Resort Living community, this contemporary stylish home sits on a rare premium lot with gorgeous Mt. Diablo views and stunning sunsets! This is your chance to own a Signature Lagoni Series home with soaring ceilings and architectural details. Featuring an open living area with beamed ceilings, white kitchen cabinets, granite and stainless steel appliances. The hearth room is a cozy spot to enjoy the warmth of the fireplace or open the french doors to the beautifully designed yard and the views beyond. Hardwood floors, ceiling fans and upgraded lighting fixtures. The large master bathroom features an oversized walk-in spa shower. The generously sized backyard is perfectly designed for entertaining, with a large inviting pergola area for dining alfresco. Enjoy the huge resort pool, indoor lap pool, athletic club, full spa, bocce, tennis and pickle ball courts, lectures, classes, private cafe, wine tastings and so much more! Ask about the Prepaid Solar!

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PRICE & RENT TRENDS

Neighborhood: Vineyards at Marsh Creek

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1216k

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

Neighborhood: Vineyards at Marsh Creek

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $13953863

* 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
Krey Elementary School Primary Regular 893 34 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Krey Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

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-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$3,501
Property Tax -$1,032
Property Insurance -$82
HOA -$346
Property Management Fees -$149
CASH FLOW
-$2,101

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.

$949,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.45%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$35

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
  • $2,941

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,500
$2,500
RENT COMPS ANALYSIS
  • 1008 Malbec Ct. Brentwood, 1
    • 2 beds 3 baths ∙ 2,280 Sqft ∙ Built 2015 2 beds 3 baths ∙ 2,280 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1941 Jubilee Drive Brentwood, 2
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1998
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 912 Centennial Dr. Brentwood, 3
    • 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Janice Kutner
Bhhs Drysdale Properties
BESbswy