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1128 Larkspur Dr Livermore, CA 94551

3 Beds 2 Baths 1,343 sqft Built 1988

INVESTimate

$775,000

List Price

$2,860

$2,610 - $3,110

Rent Est.

$853,508  ( +10.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $577.07
  • 2 Days on Market
  • MLS # : BE40918139
  • Updated Date : 08/25/2020 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,343 sqft
  • Baths : 2 full
Listing Agent

Elation Real Estate

Listing Agent's Description

This adorable and meticulously maintained Springtown neighborhood home has been tastefully remodeled and is move-in ready. With 1,343 square feet of living space this property sits on approximately 7400 square feet, and features 3 bedrooms, 2 bath, a beautiful sun room, and an attached 2 car garage. The open and inviting floor plan is flooded with natural light. The stunning kitchen overlooks the formal dining room, and features custom cabinets, open shelving, solid surface counters, and pantry. The large private lot is lushly landscaped and includes a rear patio and plenty of grassy areas. It's the perfect place for the kids or for hosting BBQ's. Other features include beautiful flooring throughout, dual pane windows, indoor laundry and more. Freeway access is very close and the ACE Train station is just a short drive away. You could walk to Wattenburger Park and bustling downtown Livermore with its many dining, shopping and entertainment options is only a short drive or easy bike.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springtown

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1016k

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

Neighborhood: Springtown

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14053195

* 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
Altamont Creek Elementary School Primary Regular 519 23 7
Andrew Christensen Middle School Middle Regular 661 30 7
Livermore High School High Regular 1,771 82 8

Altamont Creek Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 23
7
GreatSchools Rating

Andrew Christensen Middle School

  • Education Level: Middle
  • # of students: 661
  • # of teachers: 30
7
GreatSchools Rating

Livermore High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 82
8
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,574$3,146$2,860

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,859
Property Tax -$870
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$1,078

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.

$775,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.13%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $3,173

    COMP ESTIMATED VALUE
  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8603$2,9754$2,9755$3,095
$3,095
RENT COMPS ANALYSIS
  • 1128 Larkspur Dr Livermore, 2
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $2.13
    •  
  • 5656 Haggin Oaks Ave Livermore, 1
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1977
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.38
    •  
  • 1565 Morning Glory Cir Livermore, 3
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1989
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.53
    •  
  • 4122 Bristlecone Way Livermore, 4
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1986
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.43
    •  
  • 1237 Ridgestone Rd Livermore, 5
    • 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1997
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.11
    •  
PROPERTY LISTING DETAILS
Viviana Cherman
Elation Real Estate
BESbswy