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130 Echo Pl Discovery Bay, CA 94505

4 Beds 3 Baths 3,293 sqft Built 2003

INVESTimate

$799,900

List Price

$2,800

$2,550 - $3,050

Rent Est.

$873,331  ( +9.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $242.91
  • 8 Days on Market
  • MLS # : CC40917380
  • Updated Date : 08/25/2020 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,293 sqft
  • Baths : 3 full
Listing Agent

Realty Investment Solutions

Listing Agent's Description

Why go on vacation? Enjoy this backyard paradise with custom salt water Pebble Tec solar heated pool, custom BBQ island, gazebo and hot tub. Huge pool features rock waterfalls with depth of 9'. Very large private lot with no rear neighbors. Huge side yard with side yard access. OWNED SOLAR for home. Desirable floor plan features 4 bedrooms PLUS a huge bonus room. Potential bedroom 5/6 at bonus room. Lots of natural light. Gorgeous chef's kitchen features granite slab counters, stone backsplash, a huge island, stainless steel appliances and pantry. Spacious master suite is very private with gorgeous views, large spa-like bathroom with huge walk-in closet and a lovely barn door. Downstairs bedroom and bathroom. All bedrooms have walk-in closets. Custom touches throughout include upgraded cabinets, crown molding, stone flooring. Lovely gated Lakeshore community offers beautiful lake with trails, basketball courts, community pool and playground! See video tour at: 130EchoPlace.com

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeshore

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Lakeshore

ZipNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14643863

* 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
Timber Point Elementary School Primary Regular 531 21 6
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Timber Point Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 21
6
GreatSchools Rating

Excelsior Middle School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 24
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,520
  • # of teachers: 106
7
GreatSchools Rating
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,520$3,080$2,800

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,951
Property Tax -$919
Property Insurance -$107
HOA -$205
Property Management Fees -$149
CASH FLOW
-$1,530

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.

$799,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.18%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$50

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,062

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 130 Echo Pl Discovery Bay, 1
    • 4 beds 3 baths ∙ 3,293 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,293 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.85
    •  
  • 4324 Cummings Ln Discovery Bay, 2
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.89
    •  
  • 6319 Crystal Springs Cir Discovery Bay, 3
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
  • 549 Livingston Ct Discovery Bay, 4
    • 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
  • 5422 Gold Creek Cir Discovery Bay, 5
    • 5 beds 3 baths ∙ 3,250 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,250 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kelly Wall
Realty Investment Solutions
BESbswy