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109 Lookout Ct Hercules, CA 94547

5 Beds 3 Baths 2,462 sqft Built 2000

$799,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $324.53
  • 3 Days on Market
  • MLS # : BE40932653
  • Updated Date : 01/02/2021 at 09:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,462 sqft
  • Baths : 3 full
Listing Agent

Vertical Metro Real Estate

Listing Agent's Description

Tastefully updated and spacious 5 bedroom home with one bedroom downstairs. All new stainless appliances and stone countertops in kitchen. New flooring throughout and new fireplace surround. Master bedroom suite has plenty of room and lots of closet space, plus dual vanities, and separate tub and shower. Fresh paint, ex large 2 car garage, separate laundry room, brand new AC, spacious back yard patio area and so much more! This won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Central

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
Ohlone Elementary School Primary Regular 344 14 6
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Ohlone Elementary School

  • Education Level: Primary
  • # of students: 344
  • # of teachers: 14
6
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,948
Property Tax -$940
Property Insurance -$87
HOA -$115
Property Management Fees -$164
CASH FLOW
-$913

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.

$799,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,781

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
  • $3,283

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 109 Lookout Ct Hercules, CA 1
    • 5 beds 3 baths ∙ 2,462 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,462 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1256 Promenade St Hercules, CA 2
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.26
    •  
  • 115 Driftwood Cv Hercules, CA 3
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 1226 Earnest St Hercules, CA 4
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
PROPERTY LISTING DETAILS
Scott Osborne
Vertical Metro Real Estate
BESbswy