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1044 Elaine Ave. Livermore, CA 94550

3 Beds 2 Baths 1,412 sqft Built 1960

$839,950

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $594.87
  • 3 Days on Market
  • MLS # : BE40934321
  • Updated Date : 01/15/2021 at 09:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Sought after single story in Sunset West! 3 bed/2 bath featuring gorgeous wood flooring throughout, newer carpet, an updated kitchen w/ stainless steel appliances, designer paint, and a spacious floor plan. Conveniently located across the street from the Joe Michell K-8 IB School, and just a few streets away from Granada High School. You'll love these top rated schools with a great sense of community. Close to parks and trails, award winning wineries, incredible shops and restaurants, as well as easy access to 580, 680, and 84. Make a strong offer and the custom pool table is included!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset West

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1016k

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

Neighborhood: Sunset West

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15283195

* 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
Joel Mitchell Elementary And Middle Primary Regular 581 27 6
Joel Mitchell Elementary And Middle Middle Regular 581 27 6
Granada High School High Regular 2,017 85 8

Joel Mitchell Elementary And Middle

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 27
6
GreatSchools Rating

Joel Mitchell Elementary And Middle

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 27
6
GreatSchools Rating

Granada High School

  • Education Level: High
  • # of students: 2,017
  • # of teachers: 85
8
GreatSchools Rating
 

$755,955$923,945$839,950

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,917
Property Tax -$943
Property Insurance -$61
Property Management Fees -$157
CASH FLOW
-$879

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.

$839,950

PROJECTED PRICE

$3,200

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$20k

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$228,337

INVESTMENT

$228,337

Down Payment
$209,988
Rehab Estimate
$5,750
Closing Costs
$12,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,917

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $209,988
Loan Amount $629,963
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $2.27

    LIST RENT PER SQFT
  • $3,332

    COMP ESTIMATED VALUE
  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,3504$3,4955$3,650
$3,650
RENT COMPS ANALYSIS
  • 1044 Elaine Ave. Livermore, CA 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.27
    •  
  • 1853 De Leon Livermore, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.25
    •  
  • 1045 Via Madrid Livermore, CA 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.37
    •  
  • 1956 Heidelberg Dr Livermore, CA 4
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.38
    •  
  • 677 Caliente Ave Livermore, CA 5
    • 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1963
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.44
    •  
PROPERTY LISTING DETAILS
Nicole Nicolay
Compass
BESbswy