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INVESTimate
$1,458,830
List Price
$392,340
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $461.80
- 2 Days on Market
- MLS # : BE40917873
- Updated Date : 08/25/2020 at 19:59
CONSTRUCTION
- Beds : 4
- Floor Size : 3,159 sqft
- Baths : 3 full
Listing Agent
Re/max Accord
Listing Agent's Description
Elegant Mediterranean-style custom home w/nearly 3,200 sq. ft. in gated community on premium 1/3 acre lot! Perfect for the car collector, w/garages for 7 vehicles + an oversized side yard access that accommodates a large RV w/ease. This exceptional home is beautifully appointed with attention to every detail. Two master suites are situated on the upper level, (one with oversized walk-in closet) while two bdrms on main floor currently serve as office & home gym w/full mirrors & ballet barre. Chefs will love the 'state of the art' kitchen w/2 islands (one w/ Jenn-Aire griddle), 5-burner gas stove, & 2 pantries w/custom drawers. There are 2 full baths upstairs, 1/2 bth on main flr, 1/2 bath in garage. Energy efficient solar. Sunken formal dining rm. Inviting great room w/roller shutters. Unwind in the private backyard retreat by the in-ground pool accented w/ lg. rock waterfalls & spacious patio w/outdoor BBQ & fireplace, electric awning & outdoor lighting. Too many amenities to list!
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PRICE & RENT TRENDS
Zip Code: 94550
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 94550
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,510 |
EXPENSES | Loan Payment | -$5,382 |
Property Tax | -$1,620 | |
Property Insurance | -$103 | |
HOA | -$360 | |
Property Management Fees | -$172 | |
CASH FLOW
-$4,127
|
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.
$1,458,830
PROJECTED PRICE
$3,510
PROJECTED RENT
0.24%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 8.27% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$392,340
LOAN DETAILS
$5,382
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $364,708 |
Loan Amount | $1,094,123 |
-0.33
YEARS SAVED
$1,681
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
-
$3,549
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Re/max Accord