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124 Summerset Ct San Ramon, CA 94583

4 Beds 3 Baths 2,614 sqft Built 1987

$1,280,000

List Price

$4,150

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $489.67
  • 5 Days on Market
  • MLS # : CC40927358
  • Updated Date : 11/02/2020 at 11:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 3 full
Listing Agent

Realty One Group Future

Listing Agent's Description

This tastefully, highly remodeled home features four bedrooms and three bathrooms with more than 2,600 square feet of living space. This home is light & bright, with a private guest suite and full bathroom on the main level. The remodeled kitchen features stainless steel appliances, Corian countertops, and includes a lovely eat-in area. The beautiful master suite has two walk-in closets and a gorgeous master bath with double sinks. Spacious living room with dramatic vaulted ceilings opens to the formal dining room. The sizable family room has fireplace with French doors leading to the backyard, which features a romantic Pergola with lovely fireplace. Freshly painted inside and out, newer roof, plantation shutter, desirable court location & no rear neighbor. This home has been meticulously maintained & is completely move-in ready. Conveniently located close to parks, City Center, Iron Horse trails, shops, award winning San Ramon schools & easy freeway access. This home truly has it all.

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PRICE & RENT TRENDS

Neighborhood: Southern San Ramon

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Southern San Ramon

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714044

* 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
Montevideo Elementary School Primary Regular 656 25 8
Iron Horse Middle School Middle Regular 1,074 42 9
California High School High Regular 2,639 107 10

Montevideo Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 25
8
GreatSchools Rating

Iron Horse Middle School

  • Education Level: Middle
  • # of students: 1,074
  • # of teachers: 42
9
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 107
10
GreatSchools Rating
 

$1,152,000$1,408,000$1,280,000

PURCHASE PRICE

$3,735$4,565$4,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,150
EXPENSES Loan Payment -$4,723
Property Tax -$1,374
Property Insurance -$90
Property Management Fees -$203
CASH FLOW
-$2,240

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.

$1,280,000

PROJECTED PRICE

$4,150

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.2%
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$344,950

INVESTMENT

$344,950

Down Payment
$320,000
Rehab Estimate
$5,750
Closing Costs
$19,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,723

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $320,000
Loan Amount $960,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$135

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
  • $4,365

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$4,1904$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 124 Summerset Ct San Ramon, CA 1
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 132 Summerset Ct San Ramon, CA 2
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1987
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.57
    •  
  • 3060 Sorrelwood San Ramon, CA 3
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2002
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,190
    • $1.53
    •  
  • 1291 Ustilago Drive San Ramon, CA 4
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2002
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.77
    •  
  • 405 Ustilago Ct San Ramon, CA 5
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2003
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.81
    •  
PROPERTY LISTING DETAILS
Ladan Elahi
Realty One Group Future
BESbswy