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136 Scarlet Way Brentwood, CA 94513

2 Beds 3 Baths 1,940 sqft Built 1996

INVESTimate

$639,000

List Price

$2,560

$2,310 - $2,810

Rent Est.

$674,401  ( +5.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $329.38
  • 2 Days on Market
  • MLS # : CC40917581
  • Updated Date : 08/25/2020 at 20:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Retirement living at its best..Beautiful 2 bedroom 2.5 Bath Summerset 1 home with over $135,000 in ugrades. Light and bright with new appliances, new lighting fixtures and recessed lighting. Remodeled kitchen and baths with quartz countertops in kitchen, granite countertops in bathrooms. New flooring, fresh paint, and plantation shutters throughout the house. Large combo living/dining room and a separate office/den with built in desk and shelves. Inside laundry room with appliances included . New central air and heating system with new energy efficient insulation,. Enjoy the privacy of the garden, patio and enclosed yard. Summerset is a lovely gated 55+ community; one person must be 55 or older. Available activities include, golf, swimming pool & spa, tennis courts, bocce ball courts, organized events and activities in all 4 Summersets There is a separate center with library, workout room, etc. Close to shopping, medical offices and hospitals!! .Come see your new dream home.

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PRICE & RENT TRENDS

Neighborhood: Summerset I

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Summerset I

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $12533863

* 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
Ron Nunn Elementary School Primary Regular 546 22 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Ron Nunn Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 22
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,358
Property Tax -$635
Property Insurance -$74
HOA -$285
Property Management Fees -$149
CASH FLOW
-$941

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.

$639,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.54%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$548

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
  • $2,551

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 136 Scarlet Way Brentwood, 1
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1941 Jubilee Drive Brentwood, 2
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1998
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 383 Grenadier Way Brentwood, 3
    • 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
  • 61 Gala Ln Brentwood, 4
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.34
    •  
  • 160 Gala Ln Brentwood, 5
    • 2 beds 3 baths ∙ 2,206 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,206 Sqft ∙ Built 1996
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Mary Jane Kiefer
Keller Williams Realty
BESbswy