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139 Locust Ct Hercules, CA 94547

4 Beds 3 Baths 2,327 sqft Built 1980

$799,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $343.36
  • 6 Days on Market
  • MLS # : CC40929443
  • Updated Date : 11/21/2020 at 03:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,327 sqft
  • Baths : 3 full
Listing Agent

Windermere Rowland Realty

Listing Agent's Description

Absolutely stunning large 4 bedroom 3 bath home located in the wonderful hills of the Refugio Valley neighborhood. This property includes a spacious backyard ready for the urban gardener, pet lover or family get together. Serene setting, view, location, pool and hot tub to complete the package. Great location for commuters, easy freeway access, near local shops, and walking trails. VIRTUAL TOUR - https://vimeo.com/479370627

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Trees

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $252k1182k

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

Neighborhood: The Trees

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323285

* 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
Lupine Hills Elementary School Primary Regular 410 17 3
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Lupine Hills Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 17
3
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,948
Property Tax -$940
Property Insurance -$83
Property Management Fees -$159
CASH FLOW
-$881

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.

$799,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,946

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
  • $3,491

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,4954$3,700
$3,700
RENT COMPS ANALYSIS
  • 139 Locust Ct Hercules, CA 1
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2035 Pheasant Dr Hercules, CA 2
    • 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1981
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.41
    •  
  • 211 Beechnut Dr Hercules, CA 3
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1980
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.50
    •  
  • 313 Violet Rd Hercules, CA 4
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1979
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.59
    •  
PROPERTY LISTING DETAILS
Karla Loucel
Windermere Rowland Realty
BESbswy